Part 3 U.K.Income tax, corporation tax and capital gains tax

Chapter 1 U.K.Income tax and corporation tax charge and rate bands

Corporation tax U.K.

25 Charge and main rate for financial year 2005 U.K.

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

F1 26Small companies' rate and fraction for financial year 2004 U.K.

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Textual Amendments

F1 S. 26 repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)

27 Corporation tax starting rate and fraction for financial year 2004 U.K.

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.

F2 28The non-corporate distribution rate U.K.

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Textual Amendments

F2 S. 28 repealed (with effect in accordance with Sch. 26 Pt. 3(1) Note of the amending Act) by Finance Act 2006 (c. 25), Sch. 26 Pt. 3(1)