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April 2011
Executive Offices GroupTax Tips for Small Businesses
 
Contents
• Corporation Tax Rates• Understanding Marginal Relief • Changing and Filing a Company TaxReturn• Resources and Links
 
Tax Tips for Small Businesses
Corporation Tax Rates
•
Themain rate is falling to 26% for prof its over £1,500,000 (28% for the current 2010/11 period,30% for ring fence profits). This will continue tofall until it reaches 23% in 2014
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The low rate for profits under £300,000 is fallingto 20% (21% for the current period, 19% for ringfence profits)
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For profits in between these two rates you areable to get Marginal Relief. The standard fractionfor this will be 3/200 after April 6th 2011 (the2010 rate was 7/400, or 11/400 for ring fenceprofits)
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The special rate for unit trusts and open-endedinvestment companies stays at 20%
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Ring fence profits are profits from“oil extractionactivities or oil rights in the UK and UKContinental Shelf” (HMRC)
Photo by Sam Fox Photography on Flickr 
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