Part II Income Tax, Corporation Tax and Capital Gains Tax
Chapter I General
Lower rate
19 Lower rate: further provisions.
1
In section 7(4) of the M1Taxes Management Act 1970 for “basic rate" there shall be substituted “
the basic rate or the lower rate
”
.
2
In each of the provisions to which this subsection applies, after “basic rate" there shall be inserted “
or the lower rate
”
; and this subsection applies to section 91(3)(c) of the Taxes Management Act 1970 and to sections F3... 599A(7) of the Taxes Act 1988.
F53
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F24
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F15
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F46
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
This section shall apply for the year 1992-93 and subsequent years of assessment.