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Changes over time for: Paragraph 13


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 11/07/2023.
Changes to legislation:
There are currently no known outstanding effects for the Finance (No. 2) Act 2023, Paragraph 13.

Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
13(1)ITA 2007 is amended as follows.U.K.
(2)Omit Chapter 6 of Part 9 (trustees’ first slice of trust rate income).
(3)In consequence of the amendment made by sub-paragraph (2)—
(a)in section 2(9)(b) (overview of Act), for “4, 5 and 6” substitute “4 and 5”;
(b)in section 11(2) (income charged at the default basic rate: non- individuals), for “6” substitute “5”;
(c)in section 14(2) (income charged at the dividend ordinary rate: other persons), for “6” substitute “5”;
(d)in section 15 (income charged at the trust rate and the dividend trust rate), for “6” substitute “5”;
(e)in section 16(2) (savings and dividend income to be treated as highest part of total income) omit paragraph (a) (and the “and” after it);
(f)in section 23 (the calculation of income tax liability), in Step 4, for “6” substitute “5”;
(g)in section 462 (overview of Part 9) omit subsection (6);
(h)in section 484 (trustees’ expenses to be set against trustees’ trust rate income) omit subsection (3);
(i)in section 498 (types of income tax for the purposes of section 497) omit Type 4.
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