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SMALL COMPANY TAX RATES

PLEASE REFRESH ME,

i AM LOST ON YOUR SITE TRYING TO FIND ACTUAL CORPATION TAX RATES TABLES FOR 2010-2011(FY2010),2011-2012(FY 2011)  &2012-2013(FY2012)

ITS CLEAR WHATS HAPPENING TO THE LARGE/MAIN COMPANY RATE WHICH FEW COMPANIES PAY(FALLING FROM 28% TO 24%) YEAR ON YEAR I GUESS FROM FY2012

WHAT IS HAPPENING TO THE SMALL COMPANY RATE?

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02nd Dec 2010 10:41

It really isn't that difficult...

The small profits rate of corporation tax is being reduced to 20% in the 2011 Finance Bill. No other announcement so no suggestion of further reductions like the main rate.

http://www.hmrc.gov.uk/rates/corp.htm

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Budget tax tables

Thanks Billy for the link to the official source (always a good place to start).

We also reproduce the HMRC tax tables on AccountingWEB as part of our usual Budget coverage. You'll find the March 2010 Budget tax tables here, but since all of the rates for 2011 were not confirmed in the June Budget, we've put off publishing an update.

Come to think of it, I think we were waiting for 2011-12 NIC rates... need to do a quick check.

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By PennyC
02nd Dec 2010 11:42

Please

don't SHOUT!

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