38. CORPORATION TAX (SMALL COMPANIES: 1997)

HC Deb 03 December 1996 vol 286 c929

Resolved, That, for the financial year 1997—

1. (a) the small companies' rate shall be 23 per cent.; and
2. (b) the fraction mentioned in section 13(2) of the Income and Corporation Taxes Act 1988 shall be one fortieth.