Alan Heywood & Company :: Chartered Accountants and Registered Auditors

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Corporation Tax

	Year to 31 March Taxable Profits*	2011	2010
Small companies' rate	Up to 300,000	21%*	21%*
£300,001-£1,500,000		Marginal relief	Marginal relief
Full rate	Over 1,500,000	28%	28%

Close investment-holding companies are always chargeable at the full rate.

Companies with taxable profits of £1,500,000 or more may be liable to quarterly installment payments on account of tax liabilities.

* All profit limits are reduced pro rata for associated companies and for accounting periods of less than 12 months.

Our Tax Rates and Allowances are for guidance only and professional advice should be obtained before acting on any information contained as no responsibility can be accepted for loss occasioned as a result of action taken or refrained from in consequence of the contents of these Tax Rates Information Centres.