Corporation Tax
Corporation tax rates and bands are as follows:
| Financial Year to | 31 March 2012 | 31 March 2013 |
|---|---|---|
| Taxable profits | ||
| First £300,000 | 20% | 20% |
| Next £1,200,000 | 27.5% | 25% |
| Over £1,500,000 | 26% | 24% |
Business Tax & Investment Incentives
Corporation tax rates and bands are as follows:
| Financial Year to | 31 March 2012 | 31 March 2013 |
|---|---|---|
| Taxable profits | ||
| First £300,000 | 20% | 20% |
| Next £1,200,000 | 27.5% | 25% |
| Over £1,500,000 | 26% | 24% |