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14 Corporation Tax (Small Companies)

Volume 130: debated on Monday 21 March 1988

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  • (a) the small companies rate for the financial year 1988 shall be 25 per cent.; and
  • (b) the fraction mentioned in section 13(2) of the Income and Corporation Taxes Act 1988, and in section 95(2) of the Finance Act 1972, shall be one fortieth.—[Mr. Lawson.]