(1) Corporation tax is charged for the financial year 2013.
(2) For that year the rate of corporation tax is—
(a) 23% on profits of companies other than ring fence profits, and
(b) 30% on ring fence profits of companies.
(3) In paragraph (2) “ring fence profits” has the same meaning as in Part 8 of the Corporation Tax Act 2010 (see section 276 of that Act).