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Level of Profits 2010 2011 2012
£0 - £300,000 - small profits rate 21% 20% TBA
£300,001 - £1,500,000 Marginal rate Marginal rate Marginal rate
Marginal rate fraction 7/400th 3/200th TBA
£1,500,001 or more - main rate 28% 26% 25%
Corporation tax - allowances and reliefs
Plant and machinery: Main rate expenditure 20% 20% 18%
Plant and machinery: Special rate expenditure 10% 10% 8%
Annual investment allowance 100,000 100,000 25,000
Energy saving and water efficent products 100% 100% 100%
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Corporation Tax Rates 2012 |