Part 3 U.K. Companies with small profits

Modifications etc. (not altering text)

C1 Pt. 3 excluded (6.4.2014) by The Unauthorised Unit Trusts (Tax) Regulations 2013 (S.I. 2013/2819), regs. 1(3), 29

The small profits rate U.K.

18 Profits charged at the small profits rate U.K.

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.