2Corporation tax: small companies
(1)In section 13 of the [1983 c. 28.] Finance Act 1983, for the words "seventy-fifths" there shall be substituted the words " two-hundredths ".
(2)For the financial year 1982 and subsequent financial years subsection (3) of section 95 of the [1972 c. 41.] Finance Act 1972 (marginal relief for small companies) shall have effect with the substitution for any reference to £90,000 of a reference to £100,000 and with the substitution for any reference to £225,000 of a reference to £500.000.
(3)Where, by virtue of subsection (2) above, the said section 95 has effect with different relevant amounts in relation to different parts of the same accounting period, those parts shall be treated for the purposes of that section as if they were separate accounting periods and the profits and income of the company for that period (as defined in that section) shall be apportioned between those parts.