CTM03910 - Small profits rate: financial year 2023 onwards: rates, limits and fractions

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

*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.