# The Corporation Tax (Variation of the Relevant Percentage) Order 2011, Note: Explanatory note


(This note is not part of the Order)
This Order exercises a power conferred by the Corporation Tax Act 2010 (c. 4) to vary the relevant percentage in section 310(1) of that Act for the purposes of computing the amount of ring fence expenditure supplement which may be claimed in accordance with Chapter 5 of Part 8 of the Act. Chapter 5 provides that a company carrying on a ring fence trade may claim a supplement in respect of expenditure and losses incurred in specified circumstances.
The Order varies the relevant percentage from 6% to 10% for accounting periods which begin on or after 1st January 2012.
A Tax Information and Impact Note covering this instrument will be published on the HMRC website at http://www.hmrc.gov.uk/thelibrary/tiins.htm .

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Source: https://www.legislation.gov.uk/uksi/2011/2885/note (the official version)
Page: https://openlegislation.uk/corporation-tax-variation-of-the-relevant-percentage-order-2011/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.