PART 1 U.K. Income tax, corporation tax and capital gains tax

CHAPTER 1 U.K. Income tax and corporation tax charges and rate bands

Corporation tax U.K.

6 Charge and main rate for financial year 2013 U.K.

(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).