Part 3 INCOME TAX, CORPORATION TAX AND CAPITAL GAINS TAX
Chapter 1 CHARGE AND RATES
Income tax
F350 Charge and rates for 2001-02
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F451 Starting rate limit for 2001-02
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F152 Children’s tax credit: amount for 2001-02 and subsequent years
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F253 Children’s tax credit: baby rate
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Corporation tax
54 Charge and main rate for financial year 2002
Corporation tax shall be charged for the financial year 2002 at the rate of 30%.
55 Small companies’ rate and fraction for financial year 2001
For the financial year 2001—
a
the small companies’ rate shall be 20%, and
b
the fraction mentioned in section 13(2) of the Taxes Act 1988 (marginal relief for small companies) shall be one fortieth.
56 Corporation tax starting rate and fraction for financial year 2001
For the financial year 2001—
a
the corporation tax starting rate shall be 10%, and
b
the fraction mentioned in section 13AA(3) of the Taxes Act 1988 (marginal relief for small companies) shall be one fortieth.