Statutory Instruments
2001 No. 3860
INCOME TAX
INHERITANCE TAX
TAXES
The Taxes (Interest Rate) (Amendment No. 3) Regulations 2001
Made
3rd December 2001
Laid before the House of Commons
3rd December 2001
Coming into force
6th January 2002
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. 3) Regulations 2001 and shall come into force on 6th January 2002.
2. In regulation 5(1) of the Taxes (Interest Rate) Regulations 1989( 2 )—
(a) for “6th March 1999” there shall be substituted “6th January 2002”;
(b) for “6.25 per cent. per annum” there shall be substituted “5 per cent. per annum”.
Tony McNulty
Graham Stringer
Two of the Lords Commissioners of Her Majesty’s Treasury
3rd December 2001
1989 c. 26 ; section 178 was extended by section 160(5) of the Income and Corporation Taxes Act 1988 (c. 1) as amended by section 179(1)(g) of the Finance Act 1989, section 88(2) of the Finance Act 1994 (c. 9) and section 45(2) of, and Part VIII(3) of Schedule 29 to, the Finance Act 1995 (c. 4) .