Finance Act 1999 (c. 16)

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

Corporation tax charge and rates U.K.

29 Rate and fraction for corporation tax starting rate. U.K.

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.