Overseas Resident Company
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| Overview |
| Forms to get you started |
| Fees |
| Frequently Asked Questions |
| HMRC Guidance |
| Rates & tables |
| Residency notes |
| Maintaining your records |
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| UK Resident Individual |
| Overseas Resident Individual |
| UK Resident Company |
| Company Info |
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Rates & tables
Rate and Allowances - Corporation Tax
Corporation Tax on profits-£ per year (unless stated)
| Rate | 2005-06 | 2006-07 |
| Starting rate: 0% | £0-£10,000 | N/A |
| Marginal relief | £10,001-£50,000 | N/A |
| Small companies' rate: 19% | £50,001-£300,000 | £0-£300,000 |
| Marginal relief | £300,001-£1,500,000 | £300,001-£1,500,000 |
| Main rate: 30% | £1,500,001 or more | £1,500,001 or more |
| Non-corporate distribution rate | 19% | N/A |
Capital or Chargeable Gains
Companies may take advantage of an Indexation Allowance in calculating Chargeable Gains (Indexation Allowance for individuals was replaced by Taper Relief in 1998).
Indexation Allowance is a notional uplift in the purchase price of an asset to be used in calculating a gain. The amount of the uplift is proportional to the change in the Retail Price Index. A table of allowance factors is published monthly at: http://www.hmrc.gov.uk/rates/c_gains_subject_c_tax.htm
