| From 1 April 2008, the main rate of corporation tax will fall from 30% to 28%. The rate of 28% will also apply on and after 1 April 2009.
For small companies, the rate for all profits will be 21% from 1 April 2008. For companies with profits from oil extraction and oil rights in the UK and the UK Continental Shelf the main rate of corporation tax will remain at 30% and the small companies' rate at 19% | 
