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Motion made, and Question,
That—(a) the small companies rate for the financial year 1976 shall be 42 per cent.; and (b) the fraction by which corporation tax charged on income is reduced under section 95(2) of the Finance Act 1972 shall for that financial year be four twenty-fifths.—[Mr. Healey.]
put forthwith pursuant to Standing Order No. 94 ( Ways and Means motions), and agreed to.