Corporation tax rates and bands are as follows:

Financial Year Commencing 1 April 2002

Taxable profits

First £10,000 : 0%
Next £40,000 : 23.75%
Next £250,000 : 19%
Next £1,200,000 : 32.75%
On profits over £1,500,000 : 30%

Did you know?

That around 10% of companies pay corporation tax at the main rate of 30% - and that those companies contribute about 85% of the total yield.