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Corporation Tax
Corporation tax rates and bands are as follows:
| Financial Year to | 31 March 2012 | 31 March 2011 |
|---|---|---|
| Taxable profits | ||
| First £300,000 | 20% | 21% |
| Next £1,200,000 | 28.75% | 29.75% |
| Over £1,500,000 | 27% | 28% |
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