Statutory Instruments
2001 No. 254
TAXES
TAXES, NORTHERN IRELAND
The Taxes (Interest Rate) (Amendment No. 2) Regulations 2001
Made
1st February 2001
Laid before the House of Commons
1st February 2001
Coming into force
7th March 2001
The Treasury, in exercise of the powers conferred on them by section 178 of the Finance Act 1989( 1 ), hereby make the following Regulations:
1. These Regulations may be cited as the Taxes (Interest Rate) (Amendment No. 2) Regulations 2001 and shall come into force on 7th March 2001.
2. After paragraph (b) of regulation 3(1) of the Taxes (Interest Rate) Regulations 1989( 2 ) insert the following paragraph—
“ (ba) section 71(8A) of the Social Security Administration Act 1992 ( 3 ) and section 69(8A) of the Social Security Administration (Northern Ireland) Act 1992 ( 4 ) , as they have effect in any case where the amount recoverable referred to in each of those sections is in respect of working families' tax credit or disabled person’s tax credit, and paragraph 8 of Schedule 4 to the Tax Credits Act 1999; ” .
Greg Pope
Clive Betts
Two of the Lords Commissioners of Her Majesty’s Treasury
1st February 2001
1989 c. 26 . Section 178 was relevantly amended by paragraph 10(2) of Schedule 2, and paragraph 8(1) of Schedule 4, to the Tax Credits Act 1999 (c. 10) .
S.I. 1989/1297 ; regulation 3 was substituted by regulation 2 of S.I. 1996/3187 and paragraph (1) of regulation 3 was amended by S.I. 1997/2707 , 1998/310 and 1999/2538 .
1992 c. 5 ; section 71 was relevantly amended by paragraph 3(c) of Schedule 1, and paragraph 10(1) of Schedule 2, to the Tax Credits Act 1999.
1992 c. 8 ; section 69 was relevantly amended by paragraph 5(c) of Schedule 1, and paragraph 10(1) of Schedule 2, to the Tax Credits Act 1999.