| Financial Year to | 31 March 2007 | 31 March 2006 | |
|---|---|---|---|
| Taxable Profits First £10,000 | 19% | 0% | |
| Next £40,000 | 19% | 23¾% | |
| Next £250,000 | 19% | 19% | |
| Next £1,200,000 | 32¾% | 32¾% | |
| Over £1,500,000 | 30% | 30% | |
| Non-corporate Distribution Rate | n/a | 19% |
For advise on Corporation Tax and any updated rates, please refer to the office.