Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.Donate to our crowdfunder
(1) Corporation tax is charged for the financial year 2011.(2) For that year the rate of corporation tax is-
(a) 28% on profits of companies other than ring fence profits, and
(b) 30% on ring fence profits of companies.
(3) In paragraph (2) "ring fence profits" has the same meaning as in Part 8 of the Corporation Tax Act 2010 (see section 276 of that Act).
The House divided: Ayes 350, Noes 175.
Copy and paste this code on your website