Part 1Charges, rates, allowances, etc
Corporation tax
7Charge and main rates for financial year 2010
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.