Net Trading Profit of the Year  
Corporation tax rates and bands are as follows:
Taxable profits Financial Years
31-Mar-14 31-Mar-13
First £300,000 20% 20%
Next £1,200,000 23.75% 25%
On profits over £1,500,000 23% 24%
Tax credit on dividends 10% 10%
Marginal relief fraction 3/400 1/100