s 3 Small profits rates and fractions for financial year 2010
(1) For the financial year 2010 the small profits rate is— (a) 21% on profits of companies other than ring fence profits, and (b) 19% on ring fence profits of companies. (2) For the purposes of Part 3 of CTA 2010, for that year— (a) the standard fraction is 7/400ths, and (b) the ring fence fraction is 11/400ths. (3) In subsection (1) “ ring fence profits ” has the same meaning as in Part 8 of CTA 2010 (see section 276 of that Act).