Finance Act 2014 (c. 26)

PART 1 Income tax, corporation tax and capital gains tax

CHAPTER 1 Charge, rates etc

Corporation tax

7 Rates for ring fence profits and abolition of small profits rate for non-ring fence profits

Schedule 1—

(a) sets the corporation tax rates for ring fence profits for the financial year 2015 and future years, and

(b) contains provision about the abolition of the small profits rate for profits other than ring fence profits.