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Corporate Tax
Corporate tax rates for the 2009/10 fiscal year can be found in the table below.
Corporation Tax
| Corporation Tax (CT) allowances | 2008-09 (£) | 2009-10 (£) |
|---|---|---|
|
Main Rate of CT |
28% |
28% |
|
Small Companies Rate (SCR) |
21% |
21% |
|
SCR can be claimed by companies
|
£300,000 |
£300,000 |
As announced in the Budget 2009, the Small Companies Rate (SCR) will increase 1% to 22% by 2010/11. The main rate of Corporation Tax will also reduce to 28% from 1st April 2008.
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