{
  "url": "https://openlegislation.uk/finance-act-2010/section-3",
  "json_url": "https://openlegislation.uk/finance-act-2010/section-3.json",
  "legislation": "ukpga/2010/13",
  "legislation_title": "Finance Act 2010",
  "legislation_url": "https://openlegislation.uk/finance-act-2010",
  "path": "section/3",
  "kind": "section",
  "number": "3",
  "heading": "Small profits rates and fractions for financial year 2010",
  "text": "(1) For the financial year 2010 the small profits 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 purposes of Part 3 of CTA 2010, for that year—\n(a) the standard fraction is 7/400ths, and\n(b) the ring fence fraction is 11/400ths.\n(3) In subsection (1) “ring fence profits” has the same meaning as in Part 8 of CTA 2010 (see section 276 of that Act).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/13/section/3",
    "retrieved_at": "2026-10-29T09:10:09.149991+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."
}