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 F1... 599A(7) of the Taxes Act 1988.

F2(3)

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F3(4)

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F4(5)

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F5(6)

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(7)

This section shall apply for the year 1992-93 and subsequent years of assessment.