(1)This section applies for the purposes of sections 628 and 630.
(2)A rate of corporation tax is “fixed”—
(a)in the case of a company that is being wound up, if the rate has been fixed by an Act passed before the completion of the winding up, and
(b)in the case of a company that is in administration, if the rate has been fixed by an Act passed before the dissolution event in respect of the company,
but this is subject to subsection (4).
(3)A rate of corporation tax is “proposed” if the rate is proposed by a Budget resolution (whether or not subsequently fixed by an Act).
(4)If a Budget resolution proposes to alter a rate of corporation tax that has been fixed, references in sections 628 and 630 to a fixed rate are references to that rate as proposed to be altered by the resolution.
(5)In this section “Budget resolution” means a resolution of the House of Commons for fixing a rate of corporation tax.
(1)This section applies if, in the final accounting period of a company that is being wound up or is in administration, interest within subsection (2) arises to the company.
(2)Interest within this subsection arises to a company if—
(a)the interest is received or is receivable by the company under section 826 of ICTA (interest on tax overpaid), and
(b)the interest does not exceed £2000.
(3)The interest is excluded in calculating the company's income for corporation tax purposes.
(4)In subsection (1) the “final accounting period” means—
(a)in the case of a company being wound up, the accounting period which ends, in accordance with section 12 of CTA 2009 (accounting periods of companies being wound up), with the completion of the winding up, and
(b)in the case of a company in administration, the last accounting period of the company before the dissolution event in respect of the company.