Business Tax

Corporation Tax

  • Small Companies Rate
  • Full Rate
  • Small Companies Limit
  • Upper Marginal Profits
  • Effective Marginal Rate
  • 2010/2011
  • 21.00%
  • 28.00%
  • £300,000
  • £1,500,000
  • 29.75%
  • 2009/2010
  • 21.00%
  • 28.00%
  • £300,000
  • £1,500,000
  • 29.75%

Notes

The small companies rate increases to 22.00% in 11/12 and the marginal rate drops to 29.50% in 11/12.

Capital gains for companies remain unchanged and still retains indexation relief.

Capital Allowances

  • Building Allowances
  • Industrial Buildings
  • Agricultural Buildings
  • Plant & Machinery
  • Annual Investment Allowance 100%
  • Writing Down Allowances
  • Initial Allowance - 1 year only
  • Electric Goods Vehicles
  • Green Plant etc
  • Cars < 160gm Co2
  • Cars > 160gm Co2
  • 2010/2011
  • 1.00%
  • 1.00%
  • £100,000
  • 20.00%
  • n/a
  • 100.00%
  • 100.00%
  • 20.00%
  • 10.00%
  • 2009/2010
  • 2.00%
  • 2.00%
  • £50,000
  • 20.00%
  • 40.00%
  • n/a
  • n/a
  • 20.00%
  • 20.00%