🔆 📖 ➕ 👤

Statutory Instruments

2010 No. 415

Income Tax

The Taxes (Interest Rate) (Amendment) Regulations 2010

Made

23rd February 2010

Laid before House of Commons

24th February 2010

Coming into force

6th April 2010

The Treasury make the following Regulations in exercise of the powers conferred by sections 178(1) and (2)(s) of the Finance Act 1989( 1 ) and section 181(2) of the Income Tax (Earnings and Pensions) Act 2003( 2 ).

Citation and commencement

1. These Regulations may be cited as the Taxes (Interest Rate) (Amendment) Regulations 2010 and shall come into force on 6th April 2010.

Amendment of the Taxes (Interest Rate) Regulations 1989

2. In regulation 5 of the Taxes (Interest Rate) Regulations 1989( 3 ) in paragraph (1) for “on and after 1st March 2009, be 4.75 per cent per annum” substitute “on and after 6th April 2010, be 4.00 per cent per annum”.

Steve McCabe

Dave Watts

Two of the Lords Commissioners of Her Majesty’s Treasury

23rd February 2010

( 1 )

1989 c.26 ; paragraph (s) of subsection (2) of section 178 was inserted by paragraph 162(d) of Schedule 6 to the Income Tax (Earnings and Pensions) Act 2003 (c.1) .

( 2 )

2003 c.1 .

( 3 )

S.I. 1989/1297 ; relevant amending instruments are S.I. 1994/1307 , 1567 , 2007/684 and 2009/199 .

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Taxes (Interest Rate) (Amendment) Regulations 2010 (2010/415)

Displaying information

Status of this instrument

footnotecommentarytransitional and savingsin force statusrelated provisionsgeo extentinsert/omitsource countin force adj
Defined TermSection/ArticleIDScope of Application

Status of changes to instrument text

The list includes made instruments, both those in force and those yet to come into force. Typically, instruments that are not yet in force (hence their changes are not incorporated into the text above) are indicated by description 'not yet' in the changes made column.