HC Deb 20 March 1989 vol 149 c841

Resolved, That for the financial year 1989—

  1. (a) the small companies rate shall be 25 per cent.
  2. (b) the fraction mentioned in section 13(2) of the Income and Corporation Taxes Act 1988 shall be one-fortieth—[Mr. Lawson.]

PART I
TABLES OF FLAT RATE CASH EQUIVALENTS
TABLE A
Cars with an original market value up to £19,250 and having a cylinder capacity
Cylinder capacity of car in cubic centimetres Age of car at end of relevant year of assessment
Under 4 years 4 years or more
1400 or less … … … … … … … … … £1,400 £950
More than 1400 but not more than 2000 … … … £1,850 £1,250
More than 2000 … … … … … … … … £2,950 £1,950