Corporation tax rate

[Hyper10]

What is the actual corporation Tax rate for year 2013/2014 both Small and full rate and I read a comment by a UHY Partner that it is likely payments will be required quarterly as against annually. Is this correct and are those payments in advance or arrears.
Thanks

[sumo69]

Small company rate - 20% applies up to £300k profit.

Large company rate - 23% applies over £1.5million.

Marginal rate applies between the 2 limits at an effective rate of 23.75%.

If the company is stand alone, then payments on account are only due if taxable profits exceed £1.5million for successive accounting periods.

David

[Hyper10]

Thanks

[Eric Mc]

Quarterly payments of Corporation Tax are required for large companies. Small companies can pay annually.