Part III Income Tax, Corporation Tax and Capital Gains Tax
Chapter I Income Tax and Corporation Tax
Corporation tax charge and rates
29 Charge and rates for financial year 1999.
1
Corporation tax shall be charged for the financial year 1999 at the rate of 30 per cent.
2
For that year—
a
the small companies’ rate shall be 20 per cent.; and
b
the fraction mentioned in section 13(2) of the Taxes Act 1988 (marginal relief for small companies) shall be one fortieth.