# Finance Act 1961, Section 31: Increase of rate of profits tax.


As from the beginning of April, nineteen hundred and sixty-one, the rate at which the profits tax is to be charged by virtue of subsection (1) of section twenty-five of the Finance Act, 1958, shall be increased from twelve and a half per cent.to fifteen per cent.

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Source: https://www.legislation.gov.uk/ukpga/Eliz2/9-10/36/section/31 (the official version)
Page: https://openlegislation.uk/finance-act-1961/section-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.