Part 2Calculation of liability in respect of profits
Chapter 2Rates at which corporation tax on profits charged
3F1Corporation tax rates
1
Corporation tax is charged at the rate set by Parliament for the financial year as the main rate.
F22
Subsection (1) is subject to—
a
section 18A (which provides for tax to be charged at the standard small profits rate instead of the main rate in certain cases), and
b
any other provision of the Corporation Tax Acts which provides for corporation tax to be charged at a different rate.