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34 Corporation Tax (Small Companies: 1996)

Volume 268: debated on Tuesday 5 December 1995

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Resolved,

That, for the financial year 1996—

  • (a) the small companies' rate shall be 24 per cent.; and
  • (b) the fraction mentioned in section 13(2) of the Income and Corporation Taxes Act 1988 shall be nine four-hundredths.