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Regulation 5 Amendment of regulation 20 of the principal Regulations

Original text. Later amendments are not shown.

In regulation 20(4)(a) of the principal Regulations (calculation of net earnings of employed earners)—

(a)

for the words “the basic rate of tax” there shall be substituted the words “the lower rate or, as the case may be, the lower rate and the basic rate of tax”;

(b)

after the words “less than a year,” there shall be inserted the words “the earnings to which the lower rate and, if appropriate, the basic rate of tax is to be applied and”.