1997 No. 1681
INCOME TAX
INHERITANCE TAX
TAXES
The Taxes (Interest Rate) (Amendment) Regulations 1997
Made
Laid before the House of Commons
Coming into force
The Treasury, in exercise of the powers conferred on them by section 178 of the Finance Act 19891, hereby make the following Regulations:
1
These Regulations may be cited as the Taxes (Interest Rate) (Amendment) Regulations 1997 and shall come into force on 6th August 1997.
2
In regulation 5(1) of the Taxes (Interest Rate) Regulations 19892—
a
for “6th November 1996” there shall be substituted “6th August 1997”;
b
for “6.75 per cent. per annum” there shall be substituted “7.25 per cent. per annum”.
Jim DowdJon Owen JonesTwo of the Lords Commissioners of Her Majesty’s Treasury
(This note is not part of the Regulations)