Chapter 1U.K.Charge and rate bands
Income taxU.K.
F126 Charge and rates for 2002-03U.K.
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Textual Amendments
F1Ss. 26-29 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)
F127 Indexed rate bands for 2002-03: PAYE deductions etcU.K.
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Textual Amendments
F1Ss. 26-29 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)
F128 Personal allowance for 2003-04 for those aged under 65U.K.
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Textual Amendments
F1Ss. 26-29 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)
F129 Personal allowances for 2003-04 for those aged 65 or overU.K.
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Textual Amendments
F1Ss. 26-29 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)
Corporation taxU.K.
30 Charge and main rate for financial year 2003U.K.
Corporation tax shall be charged for the financial year 2003 at the rate of 30%.
31 Small companies’ rate and fraction for financial year 2002U.K.
For the financial year 2002—
(a)the small companies’ rate shall be 19%, and
(b)the fraction mentioned in section 13(2) of the Taxes Act 1988 (marginal relief for small companies) shall be 11/400ths.
32 Corporation tax starting rate and fraction for financial year 2002U.K.
For the financial year 2002—
(a)the corporation tax starting rate shall be 0%, and
(b)the fraction mentioned in section 13AA(3) of the Taxes Act 1988 (marginal relief for small companies) shall be 19/400ths.