Corporation Tax


Financial year to	31/03/2004	31/03/2003

Starting rate	0	0

Small companies rate (SCR)	19%	19%

Main rate	30%	30%

Starting rate limit	£10,000	£10,000

Starting rate marginal relief limit	£50,000	£50,000

SCR limit	£300,000	£300,000

SCR marginal relief limit	£1,500,000	£1,500,000

Effective marginal rate - starting	23.75%	23.75%

Effective marginal rate - small companies	32.75%	32.75%

Marginal relief fraction - starting to small rate	19/400	19/400

Marginal relief fraction - small to main rate	11/400	11/400

* tax facts 2003/04 tax facts 2003/04 tax facts 2003/04 tax facts 2003/04 tax facts 2003/04 tax facts 2003/04 tax facts 2003/04 tax facts 2003/04 tax facts 2003/04 tax facts 2003/04