SolvedCTM03910 | Small profits rate: financial year 2023 onwards: rates, limits and fractions
From HM Revenue & Customs · Company Taxation Manual
The lower rates of CT, and relevant limits and fractions, applicable are as follows:
| Financial year (commencing 1 April) | Rate | Lower limit where no associated company* | Upper limit where no associated company* | Marginal relief standard fraction |
| 2023 | 19% | £50,000 | £250,000 | 3/200 |
| 2024 | 19% | £50,000 | £250,000 | 3/200 |
| 2025 | 19% | £50,000 | £250,000 | 3/200 |
*based on a 12-month accounting period.
For a table with the rates, limits and fractions for the small profits relief from Financial year 1989 to Financial year 2014 inclusive see CTM03510.
A table showing the full rate of CT for the financial years 1989 onwards can be found at CTM01750.
For companies with oil & gas ring fence profits these rates differ. The small ring fence profits rate is 19% and the ring fence fraction is 11/400 for Financial year 2010 onwards.