Statute
Section 6 — Finance Act 2014: Small profits rate and fractions for financial year 2014
Text of the provision Official document
Small profits rate and fractions for financial year 2014 6 1 For the financial year 2014 the small profits rate is—
a 20% on profits of companies other than ring fence profits, and b 19% on ring fence profits of companies.
2 For the purposes of Part 3 of CTA 2010, for that year—
a the standard fraction is 1/400th, and b the ring fence fraction is 11/400ths.
3 In subsection (1) “ ring fence profits ” has the same meaning as in Part 8 of that Act (see section 276 of that Act).
Official source: legislation.gov.uk
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