Corporation Tax


Financial Year Beginning on 1 April
	2012	2011
Profits exceeding £1,500,000 (standard rate)	25%	26%
Profits under £300,000 (small companies rate)	20%	20%

Marginal relief fraction	1/100	3/200
Effective marginal rate on profits between £300,000 and £1,500,000	24.0%	27.5%

Note that for close investment holding companies the standard rate will apply regardless of profit levels.