Corporation Tax for 2005-2006

[tinman0]

What was the corporation tax for 2005 to 2006?

Helping someone finish some accounts (30/11/05 to 30/11/06) and can't remember the tax rate. And yes I know they are long overdue, that's why I'm helping

[Eric Mc]

Corporation Tax rates run from 1 April to the following 31 March - the Corporation Tax year.

The rates in use up to the current year are as follows:

Y/E 31 March 2005 Full Rate 30% Small Companies Rate 19%
Y/E 31 March 2006 Full Rate 30% Small Companies Rate 19%
Y/E 31 March 2007 Full Rate 30% Small Companies Rate 20%
Y/E 31 March 2008 Full Rate 30% Small Companies Rate 21%
Y/E 31 March 2009 Full Rate 30% Small Companies Rate 22%

As the company you are dealing with has a year ending on 30 November, for the years where the rates change, you will need to time-apportion the profits and apply the correct rate for each portion of the company's profit for that year.

Edited by Eric Mc on Monday 4th August 12:43