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Part 3 U.K. INCOME TAX, CORPORATION TAX AND CAPITAL GAINS TAX

Chapter 1 U.K. CHARGE AND RATES

Corporation taxU.K.

55 Small companies’ rate and fraction for financial year 2001U.K.

For the financial year 2001—

(a)the small companies’ rate shall be 20%, and

(b)the fraction mentioned in section 13(2) of the Taxes Act 1988 (marginal relief for small companies) shall be one fortieth.