{
  "url": "https://openlegislation.uk/finance-act-2009/section-8",
  "json_url": "https://openlegislation.uk/finance-act-2009/section-8.json",
  "legislation": "ukpga/2009/10",
  "legislation_title": "Finance Act 2009",
  "legislation_url": "https://openlegislation.uk/finance-act-2009",
  "path": "section/8",
  "kind": "section",
  "number": "8",
  "heading": "Small companies' rates and fractions for financial year 2009",
  "text": "(1) For the financial year 2009 the small companies' rate is—\n(a) 21% on profits of companies other than ring fence profits, and\n(b) 19% on ring fence profits of companies.\n(2) For the financial year 2009 the fraction mentioned in section 13(2) of ICTA is—\n(a) 7/400ths in relation to profits of companies other than ring fence profits (“the standard fraction”), and\n(b) 11/400ths in relation to ring fence profits of companies (“the ring fence fraction”).\n(3) See section 7(3) of FA 2008 for provision applying section 3(3) to (7) of FA 2007 in relation to profits for an accounting period any part of which falls in the financial year 2009.\n(4) In this section “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. 8(4) 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. 708 (with Sch. 2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/10/section/8",
    "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."
  }
}