Part 6Income tax and corporation tax: charge and rate bands

Income tax

F1131Charge and rates for 2003-04

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F2132Indexed rate bands for 2003-04: PAYE deductions etc

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Corporation tax

133Charge and main rate for financial year 2004

Corporation tax shall be charged for the financial year 2004 at the rate of 30%.

F3134Small companies' rate and fraction for financial year 2003

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135Corporation tax starting rate and fraction for financial year 2003

For the financial year 2003—

a

the corporation tax starting rate shall be 0%, and

b

the fraction mentioned in section 13AA of the Taxes Act 1988 (marginal relief for small companies) shall be 19/400ths.