Part 2

Calculation of liability in respect of profits
Chapter 2

Rates at which corporation tax on profits charged

Corporation tax rates
3
1
Corporation tax is charged at the rate set by Parliament for the financial year as the main rate.
2
Subsection (1) is subject to—
a
section 18A (which provides for tax to be charged at the standard small profits rate instead of the main rate in certain cases), and
b
any other provision of the Corporation Tax Acts which provides for corporation tax to be charged at a different rate.
S. 3 substituted (with effect in accordance with Sch. 1 para. 22 of the amending Act) by Finance Act 2014 (c. 26), Sch. 1 para. 3
S. 3(2) substituted (with effect in accordance with Sch. 1 para. 34 of the amending Act) by Finance Act 2021 (c. 26), Sch. 1 para. 2