|
CORPORATION TAX |
Yr to 31/3/15 |
Yr to 31/3/16 |
|
|
Small companies rate |
|
20% |
20% |
|
Small rate profit limit |
# |
300,000 |
300,000 |
|
Main rate |
|
21% |
20% |
|
Main rate profit start point |
|
1,500,000 |
1,500,000 |
|
Rate in between |
|
21.25% |
20.00% |
# The profit band is shared between connected companies. It is shared evenly so if there are 3 connected companies then each will have a small rate band of 100,000 regardless of the level of the profit in each company. Dormant companies do not count.