| Year to 31.3.07 | Year to 31.3.06 | |||
|
Profits Band
£ |
Rate
% |
Profits Band
£ |
Rate
% |
|
| Starting rate |
N/A
|
N/A
|
0 - 10,000
|
0*
|
|
Marginal (starting) rate
|
N/A
|
N/A
|
10,001 - 50,000
|
23.75
|
| Small companies rate |
0 - 300,000
|
19
|
50,001 - 300,000
|
19
|
| Marginal (small companies) rate |
300,001 - 1,500,000
|
32.75
|
300,001 - 1,500,000
|
32.75
|
| Full rate |
Over 1,500,000
|
30
|
Over 1,500,000
|
30
|
| Starting rate fraction |
|
N/A
|
|
19/400
|
| Small companies fraction |
|
11/400
|
|
11/400
|
The profits limits are reduced for accounting periods of less than 12 months and for a company with associated companies.