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.