Tax Information Corporation Tax
Please select an option:
- Income Tax
- Corporation Tax
- Value Added Tax
- Vehicle Benefits
- NI Contributions
- Pension premiums
- Charitable giving
- Some useful rates
- Government tax spending
- Capital gains Tax
- Main capital Allowances
- Inheritance Tax
- Mileage Allowances
- Key dates and deadlines
- Profit related pay
- Savings and investments
- Stamp Duties
Corporation tax rates and bands are as follows:
| Financial Year Commencing | 1 April 2003 | 1 April 2002 |
|---|---|---|
| Taxable profits | ||
| First £10,000 | 0% | 0% |
| Next £40,000 | 23.75% | 23.75% |
| Next £250,000 | 19% | 19% |
| Next £1,200,000 | 32.75% | 32.75% |
| On profits over £1,500,000 | 30% | 30% |
Did you know?
- Government reciepts from Corporation Tax last year are estimated at £29.6 billion, with only a marginal increase expected this year.
- That around 10% of companies pay corporation tax at the main rate of 30% - and that those companies contribute about 85% of the total yield