CORPORATE TAX RATES – 2013-14

Capital Gains Tax

CORPORATE TAX RATES – 2013-14

Rates for financial years starting on 1 April 

Rate
2013
Small profits rate* 20%*
Small profits rate can be claimed by qualifying companies with profits

at a rate not exceeding

£300,000
Marginal Relief Lower Limit £300,000
Marginal Relief Upper Limit £1,500,000
Standard fraction 3/400
Main rate of Corporation Tax* 23% *
Special rate for unit trusts and open-ended investment companies 20% *

* Rate for Ring fence companies is different, please contact us for details. Marginal tax relief formula: (Upper limit * Less Profit for the period) Multiply (Standard fraction of the year) *Upper limit is to be apportioned by number of days if the taxable period is not a full year. > The profit limits are reduced for accounting periods of less than 12 months and for a company with associated companies. At BNW we can do full tax planning for you, we are only a call away from you so please follow the link to contact us .

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