Explanatory Notes

Finance Act 2012

2012 CHAPTER 14

17 July 2012

Introduction

Section 7: Corporation Tax: Small Profits Rate and Fractions for Financial Year 2012

Details of the Section

2. Subsection (1) sets the small profits rate of CT for the financial year 2012.

3. Subsection (2) sets the marginal relief standard and ring fence fractions.