SCHEDULES
SCHEDULE 1Corporation tax rates
PART 1Abolition of small profits rate for non-ring fence profits
3
For section 3 (corporation tax rates) substitute—
3Corporation tax rates
1
Corporation tax is charged at the rate set by Parliament for the financial year as the main rate.
2
Subsection (1) is subject to any provision of the Corporation Tax Acts which provides for corporation tax to be charged at a different rate.