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Statutory Instruments

2014 No. 496

Income Tax

The Taxes (Interest Rate) (Amendment) Regulations 2014

Made

5th March 2014

Laid before the House of Commons

6th March 2014

Coming into force

6th April 2014

The Treasury make the following Regulations in exercise of the powers conferred by section 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 2014 and come into force on 6th April 2014.

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 6th April 2010, be 4.00 per cent per annum” substitute “on and after 6th April 2014, be 3.25 per cent per annum”.

Sam Gyimah

Anne Milton

Two of the Lords Commissioners of Her Majesty’s Treasury

5th March 2014

( 1 )

1989 c. 26 ; paragraph (s) of section 178(2) 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 , 1994/1567 , 2009/199 and 2010/415 .

Status: This is the original version (as it was originally made).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 2014 (2014/496)

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