Year to 31.3.14Year to 31.3.13
Profits band
£
Rate
%
Profits band
£
Rate
%
Small companies rate0 - 300,00020*0 - 300,00020*
Marginal (small companies) rate 300,001 - 1,500,000 23.75*300,001 - 1,500,000 25*
Main rateOver 1,500,00023*Over 1,500,00024*
Standard fraction3/400*1/100*

The profits limits are reduced for accounting periods of less than 12 months and for a company with associated companies.

*Different rates apply for ring-fenced (broadly oil industry) profit.