<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/ukpga/2023/30" IdURI="http://www.legislation.gov.uk/id/ukpga/2023/30" NumberOfProvisions="850" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="2.0" RestrictExtent="E+W+S+N.I." RestrictStartDate="2026-07-15"><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
					<dc:identifier>http://www.legislation.gov.uk/ukpga/2023/30/section/5</dc:identifier><dc:title>Finance (No. 2) Act 2023</dc:title><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2026-08-04</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2026-07-15</dct:valid>
					
					<atom:link rel="self" href="http://www.legislation.gov.uk/ukpga/2023/30/section/5/data.xml" type="application/xml"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/resources" href="http://www.legislation.gov.uk/ukpga/2023/30/resources" title="More Resources"/>
					
					
					
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/act" href="http://www.legislation.gov.uk/ukpga/2023/30" title="whole act"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/introduction" href="http://www.legislation.gov.uk/ukpga/2023/30/introduction" title="introduction"/>
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/body" href="http://www.legislation.gov.uk/ukpga/2023/30/body" title="body"/>
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/schedules" href="http://www.legislation.gov.uk/ukpga/2023/30/schedules" title="schedules"/>
					
										
					
					
					
					<atom:link rel="alternate" type="application/rdf+xml" href="http://www.legislation.gov.uk/ukpga/2023/30/section/5/data.rdf" title="RDF/XML"/><atom:link rel="alternate" type="application/akn+xml" href="http://www.legislation.gov.uk/ukpga/2023/30/section/5/data.akn" title="AKN"/><atom:link rel="alternate" type="application/xhtml+xml" href="http://www.legislation.gov.uk/ukpga/2023/30/section/5/data.xht" title="HTML snippet"/><atom:link rel="alternate" type="text/html" href="http://www.legislation.gov.uk/ukpga/2023/30/section/5/data.htm" title="Website (XHTML) Default View"/><atom:link rel="alternate" type="text/csv" href="http://www.legislation.gov.uk/ukpga/2023/30/section/5/data.csv" title="CSV"/><atom:link rel="alternate" type="application/pdf" href="http://www.legislation.gov.uk/ukpga/2023/30/section/5/data.pdf" title="PDF"/>
					<atom:link rel="alternate" type="application/akn+xhtml" href="http://www.legislation.gov.uk/ukpga/2023/30/section/5/data.html" title="HTML5 snippet"/>

					
					<atom:link rel="http://purl.org/dc/terms/tableOfContents" hreflang="en" href="http://www.legislation.gov.uk/ukpga/2023/30/contents" title="Table of Contents"/>
					
					<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/2023/30/section/5/enacted" title="enacted"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/2023/30/section/5/2023-07-11" title="2023-07-11"/>
					
					<atom:link rel="up" href="http://www.legislation.gov.uk/ukpga/2023/30" title="Entire legislation"/><atom:link rel="prev" href="http://www.legislation.gov.uk/ukpga/2023/30/section/4" title="Provision; Section 4"/><atom:link rel="prevInForce" href="http://www.legislation.gov.uk/ukpga/2023/30/section/4" title="Provision; Section 4"/><atom:link rel="next" href="http://www.legislation.gov.uk/ukpga/2023/30/section/6" title="Provision; Section 6"/><atom:link rel="nextInForce" href="http://www.legislation.gov.uk/ukpga/2023/30/section/6" title="Provision; Section 6"/>
					<ukm:PrimaryMetadata><ukm:DocumentClassification><ukm:DocumentCategory Value="primary"/><ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/><ukm:DocumentStatus Value="revised"/></ukm:DocumentClassification><ukm:Year Value="2023"/><ukm:Number Value="30"/><ukm:EnactmentDate Date="2023-07-11"/><ukm:ISBN Value="9780105702177"/></ukm:PrimaryMetadata>
					

                    
									 
					<ukm:Alternatives><ukm:Alternative URI="http://www.legislation.gov.uk/ukpga/2023/30/pdfs/ukpga_20230030_en.pdf" Date="2023-07-21" Size="5302418" Print="true"/></ukm:Alternatives>
					
					<ukm:Statistics>
									<ukm:TotalParagraphs Value="852"/>
									<ukm:BodyParagraphs Value="432"/>
									<ukm:ScheduleParagraphs Value="420"/>
									<ukm:AttachmentParagraphs Value="0"/>
									<ukm:TotalImages Value="5"/>
								</ukm:Statistics>
				</ukm:Metadata><Primary><Body DocumentURI="http://www.legislation.gov.uk/ukpga/2023/30/body" IdURI="http://www.legislation.gov.uk/id/ukpga/2023/30/body" NumberOfProvisions="432" RestrictExtent="E+W+S+N.I." RestrictStartDate="2026-07-15"><Part DocumentURI="http://www.legislation.gov.uk/ukpga/2023/30/part/1" IdURI="http://www.legislation.gov.uk/id/ukpga/2023/30/part/1" NumberOfProvisions="66" id="part-1" RestrictExtent="E+W+S+N.I." RestrictStartDate="2024-02-22"><Number>Part 1</Number><Title>Income tax, corporation tax and capital gains tax</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/2023/30/part/1/crossheading/corporation-tax-charge-and-rates" IdURI="http://www.legislation.gov.uk/id/ukpga/2023/30/part/1/crossheading/corporation-tax-charge-and-rates" NumberOfProvisions="2" RestrictStartDate="2023-07-11" id="part-1-crossheading-corporation-tax-charge-and-rates" RestrictExtent="E+W+S+N.I."><Title>Corporation tax charge and rates</Title><P1group RestrictStartDate="2023-07-11" RestrictExtent="E+W+S+N.I."><Title>Charge and main rate for financial year 2024</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2023/30/section/5" IdURI="http://www.legislation.gov.uk/id/ukpga/2023/30/section/5" id="section-5">
                     <Pnumber>5</Pnumber>
                     <P1para>
                        <P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2023/30/section/5/1" IdURI="http://www.legislation.gov.uk/id/ukpga/2023/30/section/5/1" id="section-5-1">
                           <Pnumber>1</Pnumber>
                           <P2para>
                              <Text>Corporation tax is charged for the financial year 2024.</Text>
                           </P2para>
                        </P2>
                        <P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2023/30/section/5/2" IdURI="http://www.legislation.gov.uk/id/ukpga/2023/30/section/5/2" id="section-5-2">
                           <Pnumber>2</Pnumber>
                           <P2para>
                              <Text>The main rate of corporation tax for that year is 25%.</Text>
                           </P2para>
                        </P2>
                     </P1para>
                  </P1></P1group></Pblock></Part></Body></Primary></Legislation>