(1) In section 5(2)(a) of the Finance Act 2011 (main corporation tax rate for financial year 2012 on profits other than ring fence profits), for “25%” substitute “24%”.
(2) The amendment made by this Resolution comes into force on 1 April 2012.
And it is declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.