9-000 Corporation tax and diverted profits tax: rates, limits & fractions

For ring fence (oil and gas) profits, see ¶9-050.


Financial year⁽¹⁾	Main rate of corporation tax %^(2)(3)(5)	Small profits rate of corporation tax %⁽²⁾⁽³⁾	Limit for small profits rate (lower limit) £⁽³⁾	Limit for marginal relief (upper limit) £⁽³⁾	Standard fraction for marginal relief⁽²⁾	Special IP rate %⁽⁴⁾	Diverted profits rate %⁽⁶⁾

2023	25%	19%	50,000	250,000	3/200	10%	31%

2022	19%	—	—	—	—	10%	25%

2021	19%	—	—

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