Corporation Tax
Corporation tax rates and bands are as follows:
| Financial Year Commencing |
1 April 2007 |
1 April 2006 |
1 April 2005 |
| Taxable profits |
|
|
|
| First £10,000 |
20% |
19% |
0% |
| Next £40,000 |
20% |
19% |
23.75% |
| Next £250,000 |
20% |
19% |
19% |
| Next £1,200,000 |
32.5% |
32.75% |
32.75% |
| On profits over £1,500,000 |
30% |
30% |
30% |
| Non-Corporate Distribution Rate |
|
n/a |
19% |
|
