Corporation Tax Act 2010 section 2

Overview of Part

Section 2 provides an overview of Part 2 of the Act, which deals with the calculation of corporation tax chargeable on a company's profits for an accounting period.

• Part 2 covers the calculation of corporation tax on a company's profits for each accounting period
• Chapter 2 sets out the rates at which corporation tax is charged on profits, and Chapter 3 explains how to determine the amount of profits to which those rates apply
• Chapter 4 specifies the currency in which a company must calculate and express its profits for corporation tax purposes
• The final stages of calculating the actual corporation tax payable are found in paragraph 8 of Schedule 18 to the Finance Act 1998, not within this Part itself