SCHEDULES
SCHEDULE 2Income tax rates
Part 2Amendments of other Acts
ITTOIA 2005
19
ITTOIA 2005 is amended as follows.
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.
F121
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22
In section 685A(3)
(settlor-interested settlements), for “higher rate” substitute “
additional rate
”
.
23
1
Part 2 of Schedule 4 (index of defined expressions) is amended as follows.
2
After the entry relating to “acquisition expenditure (in Chapter 9 of Part 2)” insert—
additional rate
section 6(2) of ITA 2007 (as applied by section 989 of that Act).
3
After the entry relating to “distribution” insert—
the dividend additional rate
section 8(3) of ITA 2007 (as applied by section 989 of that Act).