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5. Corporation tax (charge and main rates for financial year 2009)

Volume 473: debated on Tuesday 18 March 2008

Resolved,

That—

(1) Corporation tax is charged for the financial year 2009.

(2) For that year the rate of corporation tax is—

(a) 28% on profits of companies other than ring fence profits, and

(b) 30% on ring fence profits of companies.