Corporation Tax
Corporation tax rates and bands are as follows:
| Financial Year Commencing |
1 April 2005 |
1 April 2004 |
| Taxable profits |
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| First £10,000 |
0% |
0% |
| Next £40,000 |
23.75% |
23.75% |
| Next £250,000 |
19% |
19% |
| Next £1,200,000 |
32.75% |
32.75% |
| On profits over £1,500,000 |
30% |
30% |
| Non-corporate Distribution Rate |
19% |
19% |
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Contact Us |
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Suite 4, Earls House, Earlsway,
Team Valley, Gateshead, NE11 0RY |
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