Income Tax Act 2007 (c. 3)

SCHEDULES

SCHEDULE 2 Transitionals and savings

Part 3 Rates at which income tax is charged

11 In relation to a tax year before 2007-08—

(a) references in this Act, another enactment or an instrument or document to the savings rate are to be read as references to the lower rate, and

(b) references in this Act, another enactment or an instrument or document to the trust rate are to be read as references to the rate applicable to trusts.