Section 4 Charge and main rate for financial year 2014
(1)
Corporation tax is charged for the financial year 2014.
(2)
For that year the rate of corporation tax is—
(a)
21% on profits of companies other than ring fence profits, and
(b)
30% on ring fence profits of companies.
(3)
In subsection (2) “ring fence profits” has the same meaning as in Part 8 of CTA 2010 (see section 276 of that Act).