AMENDMENT OF THE LAW: 4. Corporation tax (small profits rates and fractions for financial year 2010)
 Question put,
That-
(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 the Corporation Tax Act 2010, for that year-
(a) the standard fraction is 7/400ths, and
(b) the ring fence fraction is 11/400ths.
(3) In paragraph (1) "ring fence profits" has the same meaning as in Part 8 of the Corporation Tax Act 2010 (see section 276 of that Act).