1.This section charges corporation tax (CT) for the financial year beginning 1 April 2016 and sets the main rate at 20%.
2.Subsections (1) and (2) charge and set the main rate of CT for the financial year beginning 1 April 2016.
3.Parliament charges and sets the main rate of CT for each financial year. This section charges CT and sets the main rate at 20% for the financial year beginning 1 April 2016.