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SCHEDULES

SCHEDULE 1U.K.Abolition of starting and savings rates and creation of starting rate for savings

Part 2 U.K.Other amendments

ICTAU.K.

40U.K.ICTA is amended as follows.

41U.K.In section 468(1A) (authorised unit trusts), for “savings rate” substitute “ basic rate ”.

42U.K.In section 468A(1) (open-ended investment companies), for “savings rate” substitute “ basic rate ”.

43U.K.In section 552(5)(f)(i) (information: duty of insurers), for “savings rate” substitute “ basic rate ”.

F144U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1Sch. 1 para. 44 repealed (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 3 Pt. 1 (with Sch. 2 Pts. 1, 2)

45U.K.In section 701(3A) (estates of deceased persons in administration), omit—

(a)“, the savings rate” (in both places),

(b)“at the savings rate or”, and

(c)sub-paragraph (ii) of paragraph (b) and the “and” before it.

46U.K.Omit section 789(2) (double taxation arrangements made under old law: surtax).