1988 No. 2145
INCOME TAX
The Income Tax (Reduced and Composite Rate) Order 1988
Made
Laid before the House of Commons
Coming into force
The Treasury, in exercise of the powers conferred on them by section 483 of the Income and Corporation Taxes Act 19881, hereby make the following Order:
1
This Order may be cited as the Income Tax (Reduced and Composite Rate) Order 1988 and shall come into force on 6th April 1989.
2
The Treasury hereby determine that the rate which, under the provisions of the said section 483, shall for the year 1989—90 be the reduced rate (for building societies) and the composite rate (for deposit-takers) shall be 21.75 per cent.
David LightbownDavid MacleanTwo of the Lords Commissioners of Her Majesty’s Treasury
(This note is not part of the Order)