Finance Act 2014 (c. 26)

SCHEDULES

SCHEDULE 1 U.K. Corporation tax rates

PART 1 U.K. Abolition of small profits rate for non-ring fence profits

3 U.K. For section 3 (corporation tax rates) substitute—

“3 Corporation tax rates

(1) Corporation tax is charged at the rate set by Parliament for the financial year as the main rate.

(2) Subsection (1) is subject to any provision of the Corporation Tax Acts which provides for corporation tax to be charged at a different rate.”