Section 7 | Charge and main rates for financial year 2010

(1)Corporation tax is charged for the financial year 2010.

(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 subsection (2) “ring fence profits” has the meaning given by section 276 of CTA 2010.