Part 2

Calculation of liability in respect of profits
Chapter 1

Introduction

Overview of Part
2
1
This Part contains provisions that relate to the calculation of the corporation tax chargeable on a company's profits of an accounting period.
2
Chapter 2 is about the rates at which corporation tax on profits is charged.
3
Chapter 3 is about ascertaining the amount of a company's profits of an accounting period to which the rates of corporation tax applicable to the company are applied.
4
Chapter 4 makes provision about the currency in which a company must calculate and express its profits for corporation tax purposes.
5
For provision about the calculation of the corporation tax payable for an accounting period see paragraph 8 of Schedule 18 to FA 1998.