Corporation Tax

  1. Corporation Tax

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In conjunction with the preparation of the Limited Company Accounts, we prepare your Corporation Tax return and advise you of your Corporation Tax Liability which is due 9 months and 1 day after your year end.

Current Corporation tax rates and bands are as follows:

 

Financial year to                         31 March 2012             31 March 2011

Taxable profits                 

First £300,000                              20%                              21%

Next £1,200,000                           27.5%                           29.75%

On profits over £1,500,00              26%                              28%

Tax credit on dividends                  10%                              10%

Marginal relief fraction                   3/200                            7/400

Did you know the Government anticipates receiving almost £50bn from corporation tax in 2011/12.