Part 2U.K.Income tax, corporation tax and capital gains tax
Chapter 1U.K.Income tax and corporation tax charge and rate bands
Corporation taxU.K.
12Corporation tax starting rate and fraction for financial year 2005U.K.
For the financial year 2005—
(a)the corporation tax starting rate shall be 0%, and
(b)the fraction mentioned in section 13AA of ICTA (marginal relief for small companies) shall be 19/400ths.