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Statutory Instruments

2021 No. 249

Income Tax

The Taxes (Interest Rate) (Amendment) Regulations 2021

Made

4th March 2021

Laid before the House of Commons

9th March 2021

Coming into force

6th April 2021

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 ).

Citation and commencement

1. These Regulations may be cited as the Taxes (Interest Rate) (Amendment) Regulations 2021 and come into force on 6th April 2021.

Amendment of the Taxes (Interest Rate) Regulations 1989

2. In regulation 5(1) of the Taxes (Interest Rate) Regulations 1989( 2 ), for “on and after 6th April 2020, be 2.25 per cent per annum” substitute “on and after 6th April 2021, be 2.00 per cent per annum”.

David Rutley

Maggie Throup

Two of the Lords Commissioners of Her Majesty’s Treasury

4th March 2021

( 1 )

1989 c. 26 ; paragraph (s) of section 178(2) was inserted by paragraphs 156 and 162(d) of Schedule 6 to the Income Tax (Earnings and Pensions) Act 2003 (c. 1) .

( 2 )

S.I. 1989/1297 ; relevant amending instruments are S.I. 1994/1307 , 2009/199 and 2020/194 .

Status: This is the original version (as it was originally made).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 2021 (2021/249)

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