Part 1Charges, rates, thresholds etc
Corporation tax
2Charge and main rates for financial year 2008
1
Corporation tax is charged for the financial year 2008; and 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.
2
In this section “ring fence profits” has the same meaning as in Chapter 5 of Part 12 of ICTA (see section 502(1) and (1A)).
F13Small companies' rates and fractions for financial year 2007
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