SCHEDULES
SCHEDULE 4Tax credits, taxation of distributions etc
Part IGeneral
The Taxes Act 1988
Section 819
21
1
In section 819 of the Taxes Act 1988 (old references to standard rate tax) in subsection (2)—
a
after “(so far as applicable in accordance with section 1A) the lower rate” there shall be inserted “or the Schedule F ordinary rate”; and
b
for “any higher rate” there shall be substituted “the higher rate and the Schedule F upper rate”.
2
This paragraph has effect for the year 1999-00 and subsequent years of assessment.