Finance Act 2005 (c. 7)

Part 2 U.K. Income tax, corporation tax and capital gains tax

Chapter 1 U.K. Income tax and corporation tax charge and rate bands

Corporation tax U.K.

10 Charge and main rate for financial year 2006 U.K.

Corporation tax shall be charged for the financial year 2006 at the rate of 30%.

F1 11 Small companies' rate and fraction for financial year 2005 U.K.

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Textual Amendments

F1 S. 11 repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)

12 Corporation tax starting rate and fraction for financial year 2005 U.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.

13 Non-corporate distribution rate for financial year 2005 U.K.

The non-corporate distribution rate for the financial year 2005 shall be 19%.