§ Motion made, and Question,
§
That—
(1) Corporation tax shall be charged for the financial year 1978 at the same rate as for the financial year 1977; and the small companies rate and the fraction mentioned in section 95(2) of the Finance Act 1972 (marginal relief for small companies) shall also be the same for the financial year 1978 as for the financial year 1977.
(2) The rate of advance corporation tax for the financial year 1979 shall be the same as for the financial year 1978.—[Mr. Joel Barnett.]
§ put forthwith, pursuant to Standing Order No. 94 (Ways and Means motions), and agreed to.
§ Bill ordered to be brought in upon the foregoing resolutions by the Chairman of Ways and Means, the Chancellor of the Exchequer, Mr. Joel Barnett, Mr. Denzil Davies, Mr. Harold Lever and Mr. Sheldon.