Part 1

Charges, rates, allowances etc

Corporation tax

Small profits rate and fractions for financial year 2011
6
1
For the financial year 2011 the small profits rate is—
a
20% on profits of companies other than ring fence profits, and
b
19% on ring fence profits of companies.
2
For the purposes of Part 3 of CTA 2010, for that year—
a
the standard fraction is 3/200ths, and
b
the ring fence fraction is 11/400ths.
3
In subsection (1) “ring fence profits” has the same meaning as in Part 8 of that Act (see section 276 of that Act).