Corporation Tax


	Financial Year
	2011/12	2010/11
Profits exceeding £1,500,000 (standard rate)	26%	28%
Profits under £300,000 (small companies rate)	20%	21%

Marginal relief fraction	3/200	7/400
Effective marginal rate on profits between £300,000 and £1,500,000	27.5%	29.75%

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

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