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Corporation tax
Tax Data 2010 / 2011
|
Profits exceeding £1,500,000 (standard rate) |
28% |
28% |
Profits under £300,000 (small companies rate) |
21% |
21% |
|
|
|
Marginal relief fraction |
7/400 |
7/400 |
Effective marginal rate on profits between £300,000 and £1,500,000 |
29.75% |
29.75% |
|
|
|
Note that for close investment holding companies the
28% rate will apply regardless of profit levels. |
|
Note that for close investment holding companies the 28% rate will apply
regardless of profit levels.
For information of users: This material is published
for the information of clients. It provides only an overview of the regulations
in force at the date of publication, and no action should be taken without
consulting the detailed legislation or seeking professional advice. Therefore
no responsibility for loss occasioned by any person acting or refraining
from action as a result of the material can be accepted by the authors
or the firm.
© Copyright JE Consulting 2010. All
rights reserved.
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