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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Baines Jewitt Chartered Accountants, Barrington House, 41-45 Yarm Lane, Stockton on Tees, Teesside, TS18 3EA.
Tel: 01642 632032 - Fax: 01642 632033/ 632034 Teesside & North East Chartered Accountants

Registered to carry on audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.
Details about our audit registration can be viewed at www.auditregister.org.uk under reference number C001100610.