Part 1Charges, rates, allowances, reliefs etc
Corporation tax
6Charge and main rates for financial year 2009
(1)
Corporation tax is charged for the financial year 2009.
(2)
For that year the rate of corporation tax is—
(a)
28% on profits of companies other than ring fence profits, and
(b)
30% on ring fence profits of companies.
(3)
In subsection (2) “ring fence profits” has the F1meaning given by section 276 of CTA 2010.