PART 1Income tax, corporation tax and capital gains tax

CHAPTER 1Charge, rates etc

Corporation tax

7Rates for ring fence profits and abolition of small profits rate for non-ring fence profits

Schedule 1—

a

sets the corporation tax rates for ring fence profits for the financial year 2015 and future years, and

b

contains provision about the abolition of the small profits rate for profits other than ring fence profits.