Corporation Tax
Corporation tax rates and bands are as follows:
| Financial Year | 2014/15 | 2013/14 |
|---|---|---|
| Normal main rate (profits above £1,500,000) | 21% | 23% |
| Small companies rate (profits below £300,000) | 20% | 20% |
| Margin relief fraction | 1/400 | 3/400 |
Corporation tax rates and bands are as follows:
| Financial Year | 2014/15 | 2013/14 |
|---|---|---|
| Normal main rate (profits above £1,500,000) | 21% | 23% |
| Small companies rate (profits below £300,000) | 20% | 20% |
| Margin relief fraction | 1/400 | 3/400 |