Part IIIU.K. Income Tax, Corporation Tax and Capital Gains Tax

Chapter IU.K. Income Tax and Corporation Tax

Corporation tax charge and ratesU.K.

29 Charge and rates for financial year 1999.U.K.

(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.