Part 3 Companies with small profits

The small profits rate

18 Profits charged at the small profits rate
Corporation tax is charged at the small profits rate on a company's taxable total profits of an accounting period if—
(a) the company is UK resident in the accounting period,
(b) it is not a close investment-holding company in the period, and
(c) its augmented profits of the accounting period do not exceed the lower limit.
Pt. 3 excluded (6.4.2014) by The Unauthorised Unit Trusts (Tax) Regulations 2013 (S.I. 2013/2819), regs. 1(3), 29