Budget 2007
Introduction
Main Income Tax reliefs
Income Tax Rates and bands
Car Benefit Assessment
Tax Free Mileage Allowances
National Insurance Contributions
Pension Contributions
Inheritance Tax
Value Added Tax
Capital Gains Tax
Corporation Tax
Main capital allowances
Stamp Duty & Stamp Duty Land Tax
Earliest due dates for payment of tax
|
Corporation Tax
| |
Year to 31.3.2008 |
31.3.2007 |
| |
| Main rate |
30% |
30% |
| Profits above |
£1.5m |
£1.5m |
| |
| Small companies rate |
20% |
19% |
| Profits between |
£0 - £300k |
£0 - £300k |
| |
| Small/large marginal band |
£300k - £1.5m |
£300k - £1.5m |
| Fraction (effective rate) |
1/40 (32.5%) |
11/400 (32.75%) |
|
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