Clause 32 - Corporation tax starting rate and fraction for financial year 2002

Part of Finance Bill – in a Public Bill Committee at 3:45 pm on 16th May 2002.

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Photo of Mr Howard Flight Mr Howard Flight Conservative, Arundel and South Downs 3:45 pm, 16th May 2002

He takes it as a dividend after the company has suffered the appropriate corporation tax on it and, as such, if he is paying only standard rate tax, there should not be any further taxation on it.