Corporation tax rates and bands are as follows:
| Financial Year to | 31 March 2013 | 31 March 2012 |
|---|---|---|
| Taxable profits | ||
| First £300,000 | 20% | 20% |
| Next £1,200,000 | 25% | 27.5% |
| Over £1,500,000 | 24% | 26% |
Corporation tax rates and bands are as follows:
| Financial Year to | 31 March 2013 | 31 March 2012 |
|---|---|---|
| Taxable profits | ||
| First £300,000 | 20% | 20% |
| Next £1,200,000 | 25% | 27.5% |
| Over £1,500,000 | 24% | 26% |