3. corporation tax (charge and main rates for financial year 2011)

Amendment of the Law – in the House of Commons at 9:44 pm on 30th March 2010.

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Question put,

That-

(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.

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Division number 120 Amendment of the Law — 3. corporation tax (charge and main rates for financial year 2011)

Aye: 350 MPs

No: 175 MPs

Ayes: A-Z by last name

Tellers

Nos: A-Z by last name

Tellers

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Question accordingly agreed to.

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