Finance Act 2012 (c. 14)

PART 1 U.K. Income tax, corporation tax and capital gains tax

CHAPTER 1 U.K. Income tax and corporation tax charges and rate bands

Corporation tax U.K.

5 Main rate of corporation tax for financial year 2012 U.K.

(1) In section 5(2)(a) of FA 2011 (main corporation tax rate for financial year 2012 on profits other than ring fence profits), for “25%” substitute “ 24% ”.

(2) The amendment made by this section is treated as having come into force on 1 April 2012.