Related Commentary  Related CasesRelated HMRC Manuals

2(1)  Corporation tax is charged on profits of companies for any financial year for which an Act so provides.

2(2)  In this Part “profits” means income and chargeable gains, except in so far as the context otherwise requires.

2(2A)  [Omitted by FA 2019, s. 13 and Sch. 1, para. 109.]

2(3)  In this Act “the charge to corporation tax on income” means the charge under subsection (1) so far as relating to income.

2(4)  The charge to corporation tax on income has effect in accordance with the provisions of the Corporation Tax Acts that deal with its application.

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