Part 3Income tax, corporation tax and capital gains tax
Chapter 1Charge and rate bands
Income tax
F126 Charge and rates for 2002-03
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F127 Indexed rate bands for 2002-03: PAYE deductions etc
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F128 Personal allowance for 2003-04 for those aged under 65
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F129 Personal allowances for 2003-04 for those aged 65 or over
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Corporation tax
30 Charge and main rate for financial year 2003
Corporation tax shall be charged for the financial year 2003 at the rate of 30%.
31 Small companies’ rate and fraction for financial year 2002
For the financial year 2002—
a
the small companies’ rate shall be 19%, and
b
the fraction mentioned in section 13(2) of the Taxes Act 1988 (marginal relief for small companies) shall be 11/400ths.
32 Corporation tax starting rate and fraction for financial year 2002
For the financial year 2002—
a
the corporation tax starting rate shall be 0%, and
b
the fraction mentioned in section 13AA(3) of the Taxes Act 1988 (marginal relief for small companies) shall be 19/400ths.