BARRETTE ACCOUNTS - Tax Rates & Allowances

	Years to 31.3.11		Years to 31.3.10
	Profits Band	Rate	Profits Band	Rate
	£	%	£	%
Small companies rate	0 - 300,000	21*	0 - 300,000	21*
Marginal (small companies) rate	300,001 - 1,500,000	29.75*	300,001 - 1,500,000	29.75*
Full rate	Over 1,500,000	28*	Over 1,500,000	28*
Small companies fraction		7/400*		7/400*

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.

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