Section 6 | Charge and main rate for financial year 2013

(1)Corporation tax is charged for the financial year 2013.

(2)For that year the rate of corporation tax is—

(a)23% 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 same meaning as in Part 8 of CTA 2010 (see section 276 of that Act).