SCHEDULES
SCHEDULE 2Transitionals and savings
Part 3Rates at which income tax is charged
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In relation to the tax year 2007-08 or any subsequent tax year—
a
references in an enactment, instrument or document to the lower rate are to be read as references to the savings rate, and
b
references in an enactment, instrument or document to the rate applicable to trusts are to be read as references to the trust rate.