Part 2Income tax, corporation tax and capital gains tax
Chapter 1Income tax and corporation tax charge and rate bands
Corporation tax
12Corporation tax starting rate and fraction for financial year 2005
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.