division_name: Amendment of the Law &#8212; 3. corporation tax (charge and main rates for financial year 2011)
motion: <p class="italic" pid="b.740.3/1" pwmotiontext="yes"> Question put,</p>
  
  <p pid="b.740.3/2" pwmotiontext="yes">That-</p>
  
  <p pid="b.740.3/3" pwmotiontext="yes">(1) Corporation tax is charged for the financial year 2011.(2) For that year the rate of corporation tax is-</p>
  
  <p pid="b.740.3/4" pwmotiontext="yes">(a) 28% on profits of companies other than ring fence profits, and</p>
  
  <p pid="b.740.3/5" pwmotiontext="yes">(b) 30% on ring fence profits of companies.</p>
  
  <p pid="b.740.3/6" pwmotiontext="yes">(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).</p>
  
  <p pid="b.740.3/7" pwmotiontext="yes"><i> The House divided:</i> Ayes 350, Noes 175.</p>