2024 No. 335
INCOME TAX
The Authorised Surplus Payments Charge (Variation of Rate) Order 2024
Made
Laid before the House of Commons
Coming into force
The Treasury make this Order in exercise of the power conferred by section 207(5) of the Finance Act 20041.
Citation and commencement1
This Order may be cited as the Authorised Surplus Payments Charge (Variation of Rate) Order 2024 and comes into force on 6th April 2024.
Decrease in rate of authorised surplus payments charge2
In section 207(4) of the Finance Act 2004 (rate of authorised surplus payments charge) for “35%” substitute “25%”
.
Amanda SollowayMike WoodTwo of the Lords Commissioners of His Majesty's Treasury
Explanatory Note
(This note is not part of the Order)