HC Deb 16 March 1981 vol 1 c149

Motion made, and Question, That—

  1. (a) the small companies rate for the financial year 1980 shall be 40 per. cent.; and
  2. (b) the fraction by reference to which corporation tax charged on income is reduced under section 95(2) of the Finance Act 1972 shall for that financial year be two-twenty-fifths—[Sir Geoffrey Howe.]

put forthwith pursuant to Standing Order No. 94 (Ways and Means motions), and agreed to.