19. Profits Tax
That it is expedient to authorise such charges to the profits tax, whether for past, current or future chargeable accounting periods, as may result from—
(a) the substitution, as respects chargeable accounting periods ending after the end of the year nineteen hundred and fifty, of fifty per cent. for thirty per cent. as the rate of any tax not being a distribution charge and of forty per cent. for twenty per cent. as the rate of any relief for non-distribution and as that of any distribution charge; and (b) the charging of the tax on trades or businesses of statutory undertakers (as defined in subsection (5) of section nineteen of the Finance Act, 1937); and (c) the division, either generally or for particular purposes, of accounting periods falling partly before and partly after the end of the year nineteen hundred and fifty; and (d) the attributing of dividends wholly or partly to chargeable accounting periods other than those to which they would otherwise be attributable for the purposes of the tax; and (e) amendments of the law as to what is to be treted as a distribution for the purposes of section thirty-five of the Finance Act, 1947, in cases where sums are capitalised; and (f) provisions as to transactions designed or likely to result in avoidance or reduction of liability to the tax and as to sales and other transactions of any kind where one of the parties has control over the other or some other person has control over them both; and (g) provisions consequential on or incidental to any of the preceding provisions of this Resolution.