{
  "url": "https://openlegislation.uk/finance-act-1980/schedule-20/part-V",
  "json_url": "https://openlegislation.uk/finance-act-1980/schedule-20/part-V.json",
  "legislation": "ukpga/1980/48",
  "legislation_title": "Finance Act 1980",
  "legislation_url": "https://openlegislation.uk/finance-act-1980",
  "path": "schedule/20/part/V",
  "kind": "part",
  "number": "V",
  "heading": "Abolition of Lower Rate",
  "text": "Chapter\nShort title\nExtent of repeal\n1970 c. 10.\nThe Income and Corporation Taxes Act 1970.\nIn section 30(3), the words “not charged at a lower rate”.\nIn section 34(1)(iii), the words from “as income” to “rate and”.\nIn section 36(1), the words “not chargeable at a lower rate”.\nIn section 287(1)(c) the words from “be treated as” to “rate and” and “shall” in the second place where it occurs.\nIn section 343(3), in paragraph (c) the words from “be treated as” to “rate and” and “those amounts shall” and in paragraph (i) of the proviso the words “ or any lower rate”.\nIn section 399(4)(c), the words from “as income” to “rate and”.\nIn section 400(3), the words “or any lower rate”.\nIn section 403(1), the words “not charged at a lower rate”.\nIn section 422(2), the words “or any lower rate” and “not chargeable at a lower rate”.\nIn section 424(c), the words “not chargeable at a lower rate”.\nIn section 430(1), the words “not chargeable at a lower rate”.\nIn section 457(1), the words “not charged at a lower rate”.\nIn section 458(1), the words “not charged at a lower rate”.\n1971 c. 68.\nThe Finance Act 1971.\nIn section 32, in subsection (1)(a) the words “paragraph (aa) or”, subsections (1)(aa), (1A), (1B) and (1C) and in subsection (1D) the words “lower or”, “(aa) or” and “respectively”.\nIn Schedule 7, in paragraph 2(2) the words “not charged at a lower rate”.\n1972 c. 41.\nThe Finance Act 1972.\nIn section 87, in subsection (5)(c) the words from “as income” to “rate and” and in subsection (6) the words “not charged at a lower rate”.\nIn Schedule 16, in paragraph 5(2)(d) the words from “as income” to “rate and” and in paragraph 5(6A) the words “not chargeable at a lower rate”.\n1973 c. 51.\nThe Finance Act 1973.\nIn section 44, the words “not chargeable at a lower rate”.\n1975 c. 7.\nThe Finance Act 1975.\nIn Schedule 2, in paragraph 19(1A) the words “not chargeable at a lower rate”.\n1975 c. 45.\nThe Finance (No. 2) Act 1975.\nIn section 34(4)(c), the words from “as income” to “rate and”.\n1978 c. 42.\nThe Finance Act 1978.\nIn section 14, in subsection (1) the words from “and after” onwards and in subsection (2) the inserted subsections (1A), (1B) and (1C).\nIn Schedule 2, paragraphs 2, 5(b), 6, 7, 9, 15(a), 16(a) and 19.\nThese repeals do not affect the year 1978–79 or 1979–80.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1980/48/schedule/20/part/V",
    "retrieved_at": "2026-10-29T10:15:13.396678+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}