Corporation Tax Rates 2007/8

Here are the Corporation Tax rates for the 2007/8 tax year. For the latest 2008/9 rates, as announced in the 2008 Budget, click here.

£ per year (unless stated)	2006-07	2007-08
£0-£300,000	19%	20%
£300,001 - £1,500,000	Marginal relief	Marginal relief
£1,500,001 or more	30%	30%

The Small Companies Tax Rate will increase in three stages from 20p during the 2007/8 tax year to 22p in 2009. The main Corporation Tax rate will decrease from 30p to 28p from April 2008.
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