Corporation Tax

Tax Data 2008 / 2009

	Financial Year
	2008/09	2007/08
Profits exceeding £1,500,000 (standard rate)	28%	30%
Profits under £300,000 (small companies rate)	21%	20%
Marginal relief fraction	7/400	1/40
Effective marginal rate on profits between £300,000 and £1,500,000	29.75%	32.50%

Note that for close investment holding companies the 30% 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.

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