Welcome to Bird Luckin

A leading independent firm of chartered accountants and tax specialists, based in two prime locations, just thirty minutes from London, in Essex, Chelmsford and Stansted

Why choose Bird Luckin

Corporation tax

Corporation tax rates and bands are as follows:

Financial year to 31 March 2013 31 March 2012
Taxable profits    
First £300,000 20% 20%
Next £1,200,000 25% 27.5%
On profits over £1,500,000 24% 26%
Tax credit on dividends 10% 10%
Marginal relief fraction 1/100 3/200

Corporation tax payable

For small and medium sized companies

  • Nine months and one day after the end of the accounting period

For large companies

  • Instalments
    • The 14th day of the seventh, tenth, 13th and 16th months after the commencement of a 12 month accounting period
  • Balance
    • Nine months and one day after the end of the accounting period

2013 and beyond

Main rate Small profits rate
Financial year to 31 March 2014 23% N/K
Financial year to 31 March 2015 22% N/K

N/K = Not known

Did you know?

That the Treasury is expecting to raise £36.8 billion (2011/12 - £34 billion) from onshore corporation tax and a further £8 billion (2011/12 £9.4 billion) from offshore corporation tax.