SolvedCTM20065 | ACT: General: Rate of ACT
From HM Revenue & Customs · Company Taxation Manual
The rate of ACT was expressed as a fraction of the amount or value of the qualifying distribution, CTM20070.
Where the rate of ACT for any financial year differed from that for the preceding year, see CTM22250 onwards.
Table of ACT rates
| Period or financial year | Fraction | Statutory provision |
|---|---|---|
| 6 April 1973 to 31 March 1974 | 3/7 | FA72/S84 (2) |
| 1974 | 33/67 | FA74/S12 |
| 1975 | 35/65 | F(2)A75/S28 |
| 1976 | 35/65 | FA76/S26 |
| 1977 | 34/66 | FA77/S19 |
| 1978 | 33/67 | FA78/S16 |
| 1979 | 3/7 | F(2)A79/S6 |
| 1980 | 3/7 | FA80/S20 |
| 1981 | 3/7 | FA81/S21 |
| 1982 | 3/7 | FA82/S22 |
| 1983 | 3/7 | FA83/S12 |
| 1984 | 3/7 | FA84/S19 |
| 1985 | 3/7 | FA85/S35 |
| 1986 | 29/71 | FA86/S17 |
| 1987 | 27/73 | FA86/S17 |
| 1988 | 25/75 | ICTA88/S14 (3) |
| 1989 | 25/75 | ICTA88/S14 (3) |
| 1990 | 25/75 | ICTA88/S14 (3) |
| 1991 | 25/75 | ICTA88/S14 (3) |
| 1992 | 25/75 | ICTA88/S14 (3) |
| 1993 | 9/31 | ICTA88/S14 (3) |
| 1994 | 1/4 | ICTA88/S14 (3) |
| 1995 | 1/4 | ICTA88/S14 (3) |
| 1996 | 1/4 | ICTA88/S14 (3) |
| 1997 | 1/4 | ICTA88/S14 (3) |
| 1998 | 1/4 | ICTA88/S14 (3) |