Charge and rates for 2004-05
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Finance Act 2004 Chapter 1 — Income tax and corporation tax charge and rate bands
Income tax
Personal allowances for those aged 65 or more
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Corporation tax
Charge and main rate for financial year 2005
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Corporation tax shall be charged for the financial year 2005 at the rate of 30%.
Small companies' rate and fraction for financial year 2004
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Corporation tax starting rate and fraction for financial year 2004
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For the financial year 2004— (a) the corporation tax starting rate shall be 0%, and (b) the fraction mentioned in section 13AA of the Taxes Act 1988 (marginal relief for small companies) shall be 19/400ths.
The non-corporate distribution rate
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Trusts
Special rates of tax applicable to trusts
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Back to Finance Act 2004 — full text
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