Part III Income Tax, Corporation Tax and Capital Gains Tax

Corporation tax charge and rates

27 Charge and main rate for financial year 2000.

Corporation tax shall be charged for the financial year 2000 at the rate of 30 per cent.

F128 Corporation tax starting rate.

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

29 Rate and fraction for corporation tax starting rate.

For the financial year 2000—

a

the corporation tax starting rate shall be 10 per cent.; and

b

the fraction mentioned in section 13AA(3) of the Taxes Act 1988 shall be one fortieth.