Budget 2008

Corporation Tax - GT

Corporation Tax

Year to 31 March 2009 31 March 2008
Small companies rate* 21% 20%
Upper limit† £300,000 £300,000
Marginal relief band
Lower limit† £300,000 £300,000
Upper limit† £1,500,000 £1,500,000
Marginal rate 9¾% 32½%
Marginal relief fraction 7/400 1/40
Full Rate 28% 30%

* Not available to close investment hol ing companies.
† Profit limits re uce pro rata for a company in a group or with associate companies.

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