Finance Act 2012
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Change 1
6 Charge and main rate for financial year 2013
(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).
6 Charge and main rate for financial year 2013
(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).
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