Rates of Corporation Tax        
             
Financial Year   Main Rate    Small Profits Rate   Limit for small profits rate £
             
2014   21%   20%   300,000
             
2013   23%   20%   300,000
             
2012   24%   20%   300,000
             
The 2014 financial year begins on 1 April 2014 and ends 31 March 2015.
             
From 1 April 2015, there will be only one rate of Corporation Tax which has been set at 20%.