{
  "url": "https://openlegislation.uk/finance-act-2026/section-12",
  "json_url": "https://openlegislation.uk/finance-act-2026/section-12.json",
  "legislation": "ukpga/2026/11",
  "legislation_title": "Finance Act 2026",
  "legislation_url": "https://openlegislation.uk/finance-act-2026",
  "path": "section/12",
  "kind": "section",
  "number": "12",
  "heading": "Standard small profits rate and fraction for financial year 2027",
  "text": "For the purposes of Part 3A of CTA 2010, for the financial year 2027—\n(a) the standard small profits rate is 19%, and\n(b) the standard marginal relief fraction is 3/200ths.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2026/11/section/12",
    "retrieved_at": "2026-10-28T16:56:01.236065+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."
  }
}