1991 No. 889
The Taxes (Interest Rate) (Amendment) Regulations 1991
Made
Laid before the House of Commons
Coming into force
The Treasury, in exercise of the powers conferred on them by section178 of the Finance Act 19891, hereby make the following Regulations:
Citation and commencement1
These Regulations may be cited as the Taxes (Interest Rate)(Amendment) Regulations 1991 and shall come into force on 6th April1991.
Interpretation2
In these Regulations“the Principal Regulations” means the Taxes (Interest Rate) Regulations 19892.
Amendments to the Principal Regulations
3
For regulation 5 of the Principal Regulations there shall besubstituted—
Applicable rate of official rate of interest5
For the purpose of section 160 of the Income and Corporation TaxesAct 19883 the rate applicable under section 178 shall, on andafter 6th April 1991, be 13.5 per cent. per annum.
4
In regulation 6 of the Principal Regulations for“3(1), 4(1) or 5(1)” there shall be substituted“3(1) or 4(1)”.
(This note is not part of the Regulations)