# Finance Act 1999, Paragraph 4


In section 369 of the Taxes Act 1988 (mortgage interest payable under deduction of tax), for subsection (1A) substitute—
“(1A) In subsection (1) above “the applicable percentage” means the percentage which is the basic rate for the year of assessment in which the payment has become or becomes due.”

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Source: https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/4 (the official version)
Page: https://openlegislation.uk/finance-act-1999/schedule-4/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.