Valid from 27/07/1999
35 Order of income tax reductions etc.U.K.
(1)In section 256(3) of the Taxes Act 1988 (order of income tax reductions etc.)—
(a)in paragraph (a), for “section 259 or 261A” there shall be substituted “ section 257AA ”;
(b)paragraph (b) shall cease to have effect;
(c)the words after paragraph (c) shall be omitted.
(2)Subsection (1)(a) and (b) above has effect for the year 2001-02 and subsequent years of assessment.
(3)Subsection (1)(c) above has effect for the year 2000-01 and subsequent years of assessment.
(4)For the year 2000-01, section 256(3) of the Taxes Act 1988 shall have effect with the omission of paragraph (a) and, in paragraph (b), of the words “except section 259 or 261A”.