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Company Taxation Rates

As your business increases, hopefully your profits will be increasing too.

The corporation tax bands (rates for tax year 2004/5) are:


1. The Starting Rate band is 0% for the first £10,000 worth of profits (once all tax deductions have been made).
2. Small Companies Rate - 19% on profits from £50,001 to £300,000.
3. Full Rate for companies with profits of £1.5 million plus - 30%.

Marginal relief is available for profits between £10,000 - £50,000 and between £30,000 - £1.5 million.

If distributions are made to non-company shareholders, a minimum rate of 19% applies however lower rates will apply if profits are retained or distributed to other companies.

Good professional advice is essential to ensure that your tax liabilities are paid on time to avoid penalties and good tax planning can keep your tax bill down. You can call us on 0845 108 0505 or complete a Quick Enquiry Form and we will arrange for one of our expert advisers to contact you.

Business-Loans.co.uk can give you everything you need to know about business finance. For the best deals available for personal loans, visit us at www.personal-loans.co.uk