Finance Act, 1982
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Chapter V Corporation Tax | ||
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Rates of corporation tax. |
26.—(1) For the financial year 1982 and each subsequent financial year— | |
(a) sections 15 , 17 (1) (a) and 18 of the Finance Act, 1977 , shall not have effect, and | ||
(b) corporation tax shall, accordingly, be charged under section 1 (1) of the Corporation Tax Act, 1976 , at the rate of 50 per cent., under section 28 (1) of that Act at the rate of 40 per cent. and under section 79 (1) of that Act at the rate of 35 per cent. | ||
(2) The Second Schedule shall have effect for the purpose of supplementing subsection (1). |