Corporation Tax


	Financial Year
	2012/13	2011/12
Profits exceeding £1,500,000 (standard rate)	24%	26%
Profits under £300,000 (small companies rate)	20%	20%

Marginal relief fraction	1/100	3/200
Effective marginal rate on profits between £300,000 and £1,500,000	25.00%	27.5%

Note that for close investment holding companies the standard rate will normally apply regardless of profit levels.

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