SCHEDULES

SCHEDULE 2Income tax rates

Part 2Amendments of other Acts

ITTOIA 2005

20

In section 640(6)(b) (grossing-up of deemed income)—

a

omit the “and” at the end of sub-paragraph (i), and

b

insert at the end

up to and including the year 2009-2010, and

iii

50%, if the relevant tax year is the year 2010-2011 or any subsequent tax year.