Corporation Tax 2007/08
Corporation tax rates and bands are as follows:
Financial Year Commencing |
1 April 2007 |
1 April 2006 |
Taxable profits |
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First £10,000 |
20% |
19% |
Next £40,000 |
20% |
19% |
Next £250,000 |
20% |
19% |
Next £1,200,000 |
32.5% |
32.75% |
On profits over £1,500,000 |
30% |
30% |
Non-corporate Distribution Rate |
n/a |
n/a |
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Contact Us |
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Suite 4, Earls House, Earlsway,
Team Valley, Gateshead, NE11 0RY |
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