Frequently Asked Questions > Taxation > What is the corporate tax rate in the UK?
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| Rate | 2009 | 2010 | 2011 | 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