division_name: Budget Resolutions and Economic Situation - 26. Corporation tax (due and payable date)
motion: <p>Resolved, 
  <p>That--
  <p>
   
  (2) In subsection (4) of that section, after "relief under this section" there shall be inserted "by virtue of subsection (1)(a) above".
   
  
   
  (3) In section 261A(3) of that Act, for "a man" there shall be substituted "an individual".
   
  
   
  (4) This Resolution has effect for the year 1997-98 and subsequent years of assessment.
   
  And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.
  <p>Resolved, 
  <p>That, for the financial year 1998, corporation tax shall be charged at the rate of 31 per cent.
    25. Corporation tax (small companies rate for 1998)  
  <p>Resolved, 
  <p>That, for the financial year 1998--
  <p> 
  (a) the small companies' rate shall be 21 per cent.; and
   
  
   
  (b) the fraction mentioned in section 13(2) of the Income and Corporation Taxes Act 1988 shall be one fortieth.
  <p>Motion made, and Question put, 
  <p>That provision may be made for and in connection with altering the date on which corporation tax and amounts treated as corporation tax become due and payable.
  <p>The House divided:  Ayes 339, Noes 147.
   