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.