Part 3U.K.Income tax, corporation tax and capital gains tax
Chapter 1U.K.Income tax and corporation tax charge and rate bands
Corporation taxU.K.
27Corporation tax starting rate and fraction for financial year 2004U.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.