Clause 32 - Corporation tax starting rate and fraction for financial year 2002
Finance Bill
4:00 pm
Mr Howard Flight (Arundel and South Downs, Conservative)
It clearly depends on one's tax rate. Personal taxation on dividends is complicated. The Government's 10 per cent. credit is soon to be abolished. In simple terms, unless the hon. Member for Wolverhampton, South-West pays higher rate tax, which he does, he would not have a further tax liability that was material.