Part 3Income tax, corporation tax and capital gains tax

Chapter 1Income tax and corporation tax charge and rate bands

Corporation tax

25Charge and main rate for financial year 2005

Corporation tax shall be charged for the financial year 2005 at the rate of 30%.

F226Small companies' rate and fraction for financial year 2004

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27Corporation tax starting rate and fraction for financial year 2004

For the financial year 2004—

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.

F128The non-corporate distribution rate

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