Finance Act 1997 (c. 16)

Yn ddilys o 19/03/1997

Part V U.K. Income Tax, Corporation Tax and Capital Gains Tax

Corporation tax charge and rate U.K.

58 Charge and rate of corporation tax for 1997. U.K.

Corporation tax shall be charged for the financial year 1997 at the rate of 33 per cent.

59 Small companies. U.K.

For the financial year 1997—

(a) the small companies’ rate shall be 23 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.