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Corporation TaxCorporation tax rates and bands are as follows: | Financial Year Commencing | 1 April 2006 | 1 April 2005 | | Taxable profits | | | | First £10,000 | 19% | 0% | | Next £40,000 | 19% | 23.75% | | Next £250,000 | 19% | 19% | | Next £1,200,000 | 32.75% | 32.75% | | On profits over £1,500,000 | 30% | 30% | | Non-corporate Distribution Rate | n/a | 19% |
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