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If you are running a limited company, corporation tax is levied on your profits, which is your total sales less allowable expenses, plus investment income.

We are best placed to advise you how to minimise the effects of corporation tax.


 

Years to 31.3.11 and 31.3.10
  Profits band
£		 Rate
%
Small companies rate 0 - 300,000 21*
Marginal (small companies) rate 300,001 - 1,500,000 29.75*
Full rate Over 1,500,000 28*
Small companies fraction   7/400*

The profits limits are reduced for accounting periods of less than 12 months and for a company with associated companies. *Different rates apply for ring-fenced (broadly oil industry) profit.