Finance Act 1993 (c. 34)

Part II Income Tax, Corporation Tax and Capital Gains Tax

Chapter I General

Corporation tax charge and rate

53 Charge and rate of corporation tax for 1993

Corporation tax shall be charged for the financial year 1993 at the rate of 33 per cent.

54 Small companies

For the financial year 1993—

(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.