Finance (No. 2) Act 2023 (c. 30)

Part 1 U.K. Income tax, corporation tax and capital gains tax

Corporation tax charge and rates U.K.

6 Standard small profits rate and fraction for financial year 2024 U.K.

(1) For the purposes of Part 3A of CTA 2010, for the financial year 2024—

(a) the standard small profits rate is 19%, and

(b) the standard marginal relief fraction is 3/200ths.