Part 3Companies with small profits
The small profits rate
18Profits charged at the small profits rate
Corporation tax is charged at the small profits rate on a company's taxable total profits of an accounting period if—
(a)
the company is UK resident in the accounting period,
(b)
it is not a close investment-holding company in the period, and
(c)
its augmented profits of the accounting period do not exceed the lower limit.