Part 1 U.K. Charges, rates, allowances, reliefs etc

Corporation tax U.K.

6 Charge and main rates for financial year 2009 U.K.

(1) Corporation tax is charged for the financial year 2009.

(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 same meaning as in Chapter 5 of Part 12 of ICTA (see section 502(1) and (1A)).