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Amendment of section 22A (reduction of corporation tax in respect of certain trading income) of Principal Act.
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83.—(1) Section 22A of the Principal Act is amended—
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(a) in subsection (2)(b) by the substitution of the following for paragraphs (i) to (iii)—
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(i) as respects an accounting period falling within the financial year 2001, 30 per cent, and
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(ii) as respects an accounting period falling within the financial year, 2002, 14 per cent,”,
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and
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(b) in subsection (3) by the substitution of—
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(i) as respects the financial year 2001 “£200,000” for “£50,000” and “£250,000” for “£75,000”, and
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(ii) as respects the financial year 2002 “€254,000” for “£50,000” and “€317,500” for “£75,000”,
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in both places where they each occur.
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(2) This section has effect as respects the financial year 2001 and subsequent financial years.
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