|
|
 |
Taxes
/ Corporation Tax |
Corporation
Tax
A
tax payable by a company on its profits.
Below is a table showing the rates for corporation tax.
Financial
year 2002-03
|
Starting
rate zero
|
£0
- £10,000
|
|
Marginal
relief
|
£10,001
– £50,000
|
|
Small
companies’ rate 19%
|
£50,001
- £300,000
|
|
Marginal
relief
|
£300,001
- £1,500,000
|
|
Main
rate 30%
|
£1,500,001
or more
|
|
