Valid from 17/07/2012
6Charge and main rate for financial year 2013U.K.
This section has no associated Explanatory Notes
(1)Corporation tax is charged for the financial year 2013.
(2)For that year the rate of corporation tax is—
(a)23% 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 same meaning as in Part 8 of CTA 2010 (see section 276 of that Act).