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Corporation Tax

Corporation TaxYears to 31.3.2012Years to 31.3.2011
Main rate26%28%
Profits above£1.5m£1.5m
Small companies rate20%21%
Profits up to £300k£300k
Small/large marginal band£300K - £1.5m£300K - £1.5m
Fraction (effective rate)3/200 (27.50%)7/400 (29.75%)