Corporation tax rates and bands are as follows:

Financial Year to
31 March 2016
31 March 2017
Taxable Profits . .
Small Profits Rate: £0 - £300,000
20%
20%
Main Tax Rate: £300,001 - £1,500,000
20%
20%
Full Rate - Over £1,500,000
20%
20%


Save: You may save tax by trading through a company. Profits retained in a company may be taxed at 20% - compared with up to 50% income tax plus NI
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