{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-632",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-632.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/632",
  "kind": "section",
  "number": "632",
  "heading": "Meaning of rate being “fixed” or “proposed”",
  "text": "(1) This section applies for the purposes of sections 628 and 630.\n(2) A rate of corporation tax is “fixed”—\n(a) in the case of a company that is being wound up, if the rate has been fixed by an Act passed before the completion of the winding up, and\n(b) in the case of a company that is in administration, if the rate has been fixed by an Act passed before the dissolution event in respect of the company,\nbut this is subject to subsection (4).\n(3) A rate of corporation tax is “proposed” if the rate is proposed by a Budget resolution (whether or not subsequently fixed by an Act).\n(4) If a Budget resolution proposes to alter a rate of corporation tax that has been fixed, references in sections 628 and 630 to a fixed rate are references to that rate as proposed to be altered by the resolution.\n(5) In this section “Budget resolution” means a resolution of the House of Commons for fixing a rate of corporation tax.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/632",
    "retrieved_at": "2026-10-29T09:10:29.433154+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}