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Finance Act 2009

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Point in time view as at 01/04/2010.

Changes to legislation:

Finance Act 2009, Section 7 is up to date with all changes known to be in force on or before 23 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

7Charge and main rates for financial year 2010U.K.

This section has no associated Explanatory Notes

(1)Corporation tax is charged for the financial year 2010.

(2)For that year the rate of corporation tax is—

(a)28% on profits of companies other than ring fence profits, and

(b)30% on ring fence profits of companies.

(3)In subsection (2) “ring fence profits” has the [F1meaning given by section 276 of CTA 2010].

Textual Amendments

F1Words in s. 7(3) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 707 (with Sch. 2)

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