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

Chapter I U.K. General

Corporation tax charge and rate U.K.

22 Small companies. U.K.

For the financial year 1992—

(a) the small companies’ rate shall be 25 per cent., and

(b) the fraction mentioned in section 13(2) of the Taxes Act 1988 (marginal relief for small companies) shall be one fiftieth.