(In-Depth: ¶704-000ff.)

Financial year(1)

Main rate

%(2)

Main ring fence profits rate

%(3)

Small ring fence profits rate

£(3)

Special IP rate

%(4)

Diverted profits rate

%(5)

2019

19

30

19

10

25

2018

19

30

19

10

25

2017

19

30

19

10

25

2016

20

30

19

10

25

2015

20

30

19

10

25

Notes

(1)A financial year begins on 1 April and ends on the following 31 March. The financial year 2019 begins on 1 April 2019 and ends on 31 March 2020.

(2)F(No.2)A 2015, s. 7 sets the main rate of corporation tax for the financial year 2020 at 17%.

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