Frequently Asked Questions > Taxation > What is the corporate tax rate in the UK?

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Rates for financial years starting on 1 April
Rate200920102011 2012
Small Profits Rate* 21%* 21%* 20%*  
Small Profits Rate can be claimed by qualifying companies with profits at a rate not exceeding £300,000 £300,000 £300,000  
Marginal Relief Lower Limit £300,000 £300,000 £300,000  
Marginal Relief Upper Limit £1,500,000 £1,500,000 £1,500,000  
Standard fraction 7/400 7/400 3/200  
Main rate of Corporation Tax* 28%* 28%* 26%* 25%*
Special rate for unit trusts and open-ended investment companies 20% 20% 20%  


Last updated on May 7, 2011 by Robert Harris