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The main rate of corporation tax which
applies to companies with profits of more
than £1.5 million fell to 28% from 30%
from 1 April 2008.
The small companies corporation tax
rate which applies to companies with up to
£300,000 of profits increased from 20% to
21% from 1 April 2008. The intention was
to increase this rate to 22% in 2009 but
this has been deferred until 1 April 2010.
Internet link:
HMRC corporation tax changes
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