Part V Income Tax, Corporation Tax and Capital Gains Tax

Corporation tax charge and rate

59 Small companies.

For the financial year 1997—

F1a

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b

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