Part 3

INCOME TAX, CORPORATION TAX AND CAPITAL GAINS TAX
Chapter 1

CHARGE AND RATES

Income tax

Charge and rates for 2001-02
50. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Starting rate limit for 2001-02
51. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Children’s tax credit: amount for 2001-02 and subsequent years
52. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Children’s tax credit: baby rate
53. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Corporation tax

Charge and main rate for financial year 2002
54
Corporation tax shall be charged for the financial year 2002 at the rate of 30%.

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

Corporation tax starting rate and fraction for financial year 2001
56
For the financial year 2001—
a
the corporation tax starting rate shall be 10%, and
b
the fraction mentioned in section 13AA(3) of the Taxes Act 1988 (marginal relief for small companies) shall be one fortieth.
S. 53 repealed (6.4.2003) by Tax Credits Act 2002 (c. 21), s. 61, Sch. 6; S.I. 2003/962, art. 2(3)(e), Sch. 1
S. 52 repealed (6.4.2003) by Tax Credits Act 2002 (c. 21), s. 61, Sch. 6; S.I. 2003/962, art. 2(3)(e), Sch. 1
S. 55 repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)
S. 50 repealed (with effect in accordance with s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)
S. 51 repealed (with effect in accordance with s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)