Section 279C — Finance Act 2014: Company with ring fence profits and other profits

Company with ring fence profits and other profits 279C 1 This section applies if—

a a company is UK resident in an accounting period, b its augmented profits of the accounting period—

i exceed the lower limit, but ii do not exceed the upper limit, and c its augmented profits of that period consist of both ring fence profits and other profits.

2 The corporation tax charged on the company's taxable total profits of the accounting period is reduced by the sum equal to the marginal relief fraction of the ring fence amount.