Home > > 2009/10 rates and allowances > Corporation tax
Corporation tax
Corporation tax rates and bands are as follows:
| Financial year to | 31 March 2010 |
| Taxable profits | |
| First £300,000 | 21% |
| Next £1,200,000 | 29.75% |
| On profits over £1,500,000 | 28% |
| Tax credit on dividends | 10% |
| Marginal relief fraction | 7/400 |
Corporation tax payable
For small and medium sized companies
- Nine months and one day after the end of the accounting period
For large companies
- Instalments
- The 14th day of the seventh, tenth, 13th and 16th months after the commencement of a 12 month accounting period
- Balance
- Nine months and one day after the end of the accounting period
Did you know?
That the Government expects to receive £34.7 billion from Corporation Tax in the current tax year (2008/09 £43.4 billion)
Main taxes
- 2010/11 tax rates and allowances
- Key dates and deadlines
- Income tax
- Corporation tax
- Inheritance tax
- Capital gains tax
- Value added tax
- National insurance contributions
- Residential property letting
- Main capital allowances
- Business deductions
- Penalties for late returns
- Trusts and settlements
- Non domiciled individuals