# Finance (No. 2) Act 1992, Section 19: Lower rate: further provisions.

Extent: E+W+S+N.I.

(1) In section 7(4) of the Taxes Management Act 1970 for “basic rate" there shall be substituted “ the basic rate or the lower rate ”.
(2) In each of the provisions to which this subsection applies, after “basic rate" there shall be inserted “ or the lower rate ”; and this subsection applies to section 91(3)(c) of the Taxes Management Act 1970 and to sections ... 599A(7) of the Taxes Act 1988.
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(7) This section shall apply for the year 1992-93 and subsequent years of assessment.

---
Source: https://www.legislation.gov.uk/ukpga/1992/48/section/19 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-1992/section-19
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.