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Section 5: Small profits rate and fractions for financial year 2013

Finance Act 2013 · 2013 c. 29View on legislation.gov.uk

Part 1: Income Tax, Corporation Tax and Capital Gains Tax — CHAPTER 1: Charges, rates etc

For the financial year 2013 the small profits rate is—

20% on profits of companies other than ring fence profits, and
19% on ring fence profits of companies.

For the purposes of Part 3 of CTA 2010, for that year—

the standard fraction is 3/400ths, and
the ring fence fraction is 11/400ths.

In subsection (1) "ring fence profits" has the same meaning as in Part 8 of that Act (see section 276 of that Act).

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.