Finance Act 2001

Chapter 1 U.K. CHARGE AND RATES

Income tax U.K.

F1 50 Charge and rates for 2001-02 U.K.

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Textual Amendments

F1 S. 50 repealed (with effect in accordance with s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)

F2 51 Starting rate limit for 2001-02 U.K.

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Textual Amendments

F2 S. 51 repealed (with effect in accordance with s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)

F3 52 Children’s tax credit: amount for 2001-02 and subsequent years U.K.

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Textual Amendments

F3 S. 52 repealed (6.4.2003) by Tax Credits Act 2002 (c. 21), s. 61, Sch. 6; S.I. 2003/962, art. 2(3)(e), Sch. 1

F4 53 Children’s tax credit: baby rate U.K.

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Textual Amendments

F4 S. 53 repealed (6.4.2003) by Tax Credits Act 2002 (c. 21), s. 61, Sch. 6; S.I. 2003/962, art. 2(3)(e), Sch. 1

Corporation tax U.K.

54 Charge and main rate for financial year 2002 U.K.

Corporation tax shall be charged for the financial year 2002 at the rate of 30%.

F5 55 Small companies’ rate and fraction for financial year 2001 U.K.

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Textual Amendments

F5 S. 55 repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)

56 Corporation tax starting rate and fraction for financial year 2001 U.K.

For the financial year 2001—

(a) the corporation tax starting rate shall be 10%, and

(b) the fraction mentioned in section 13AA(3) of the Taxes Act 1988 (marginal relief for small companies) shall be one fortieth.