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SCHEDULES

SCHEDULE 2Income tax rates

Part 2Amendments of other Acts

FA 2004

15In section 227 (annual allowance charge), after subsection (5) insert—

(5A)The Treasury may by order amend subsection (4) so as to vary the rate of the annual allowance charge.

(5B)An order under subsection (5A) may make provision for there to be different rates in different circumstances.