Finance Act 2020

Corporation tax charge and rates

5Main rate of corporation tax for financial year 2020

(1)For the financial year 2020 the main rate of corporation tax is 19%.

(2)Accordingly, omit section 7(2) of F(No.2)A 2015 (which is superseded by the provision made by subsection (1)).

6Corporation tax: charge and main rate for financial year 2021

(1)Corporation tax is charged for the financial year 2021.

(2)The main rate of corporation tax for that year is 19%.