Tax rates

Financial year commencing	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999
Full rate	21%	23%	24%	26%	28%	28%	28%	30%	30%	30%	30%	30%	30%	30%	30%	30%

Small companies' rate	20%	20%	20%	21%	21%	21%	21%	20%	19%	19%	19%	19%	19%	20%	20%	20%
lower relevant amount	£300,000	£300,000	£30,000	£300,000	£300,000	£300,000	£300,000	£300,000	£300,000	£300,000	£300,000	£300,000	£300,000	£300,000	£300,000	£300,000
upper relevant amount	£1,500,000	£1,500,000	£1,500,000	£1,500,000	£1,500,000	£1,500,000	£1,500,000	£1,500,000	£1,500,000	£1,500,000	£1,500,000	£1,500,000	£1,500,000	£1,500,000	£1,500,000	£1,500,000
marginal relief fraction	1/400	3/400	1/100	3/200	7/400	7/400	7/400	1/40	11/400	11/400	11/400	11/400	11/400	1/40	1/40	1/40

Starting rate						-	-	-	-	0%	0%	0%	0%	10%	10%	-
lower relevant amount						-	-	-	-	£10,000	£10,000	£10,000	£10,000	£10,000	£10,000	-
upper relevant amount						-	-	-	-	£50,000	£50,000	£50,000	£50,000	£50,000	£50,000	-
marginal relief fraction						-	-	-	-	19/400	19/400	19/400	19/400	1/40	1/40	-

Non-corporate distributions rate						-	-	-	-	19%	19%	-	-	-	-	-

ACT						-	-	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ACT was abolished from 6 April 1999
The upper and lower limits for the small companies rate and the small companies starting rate are reduced proportionally for CTAPs of less than 12 months. Where there are associated companies divide the limits by the total number of associated companies.
Where profits (P) exceed the lower limit but not the higher limit corporation tax on the basic profits is reduced by:

	I
(upper relevant amount - P) x	-----	x fraction
	P

where:

P = profits as computed for corporation tax plus franked investment income

I = profits on which corporation tax is charged