# Finance Act 2013, 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).

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Source: https://www.legislation.gov.uk/ukpga/2013/29/section/4 (the official version)
Page: https://openlegislation.uk/finance-act-2013/section-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.