{
  "url": "https://openlegislation.uk/finance-act-2009/section-7",
  "json_url": "https://openlegislation.uk/finance-act-2009/section-7.json",
  "legislation": "ukpga/2009/10",
  "legislation_title": "Finance Act 2009",
  "legislation_url": "https://openlegislation.uk/finance-act-2009",
  "path": "section/7",
  "kind": "section",
  "number": "7",
  "heading": "Charge and main rates for financial year 2010",
  "text": "(1) Corporation tax is charged for the financial year 2010.\n(2) For that year the rate of corporation tax is—\n(a) 28% on profits of companies other than ring fence profits, and\n(b) 30% on ring fence profits of companies.\n(3) In subsection (2) “ring fence profits” has the meaning given by section 276 of CTA 2010.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 7(3) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 707 (with Sch. 2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/10/section/7",
    "retrieved_at": "2026-10-28T17:04:30.431108+00:00",
    "licence": "OGL-UK-3.0",
    "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."
  }
}