Statute section
CTA section 2
Corporation Tax Act 2009 s.2 - Charge to corporation tax
Country
United Kingdom
Section
2
Updated
2026-05-20
Operative text
Corporation Tax Act 2009 section 2 charges corporation tax on UK-resident companies on worldwide profits, and on non-UK-resident companies on UK-source trading profits attributable to a UK permanent establishment. Main rate is 25 percent for profits above 250,000 GBP; small profits rate 19 percent for profits below 50,000 GBP; marginal relief in between.
Amendment history
2023-04-01
Finance Act 2022
Restored the 19 percent small profits rate and introduced marginal relief alongside the main rate increase to 25 percent.
Cross-references
Related guides
Primary sources
- Corporation Tax Act 2009 s.2 - legislation.gov.ukVerified 2026-05-20
Important disclaimer
This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.