Duddon & Co
Accountants & Tax Advisors
Duddon & Co Accountants
Corporation Tax
Corporation tax rates and bands are as follows:
| Financial Year to |
31 March 2008 |
31 March 2007 |
| Taxable profits |
|
|
| First £300,000 |
20% |
19% |
| Next £1,200,000 |
32.5% |
32.75% |
| On profits over £1,500,000 |
30% |
30% |
| Tax credit on dividends |
10% |
10% |
| Marginal relief fraction |
1/40 |
11/400 |
Corporation Tax Payable
For small and medium sized companies
- Nine months and 1 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
Get yourself on the road to business success
FIRST CLASS SUPPORT FOR LOCAL BUSINESSES DUDDON & CO Accountants
Tel 01229 833388