{
  "url": "https://openlegislation.uk/finance-no-2-act-2023/schedule-2/paragraph-13",
  "json_url": "https://openlegislation.uk/finance-no-2-act-2023/schedule-2/paragraph-13.json",
  "legislation": "ukpga/2023/30",
  "legislation_title": "Finance (No. 2) Act 2023",
  "legislation_url": "https://openlegislation.uk/finance-no-2-act-2023",
  "path": "schedule/2/paragraph/13",
  "kind": "paragraph",
  "number": "13",
  "heading": null,
  "text": "(1) ITA 2007 is amended as follows.\n(2) Omit Chapter 6 of Part 9 (trustees’ first slice of trust rate income).\n(3) In consequence of the amendment made by sub-paragraph (2)—\n(a) in section 2(9)(b) (overview of Act), for “4, 5 and 6” substitute “4 and 5”;\n(b) in section 11(2) (income charged at the default basic rate: non- individuals), for “6” substitute “5”;\n(c) in section 14(2) (income charged at the dividend ordinary rate: other persons), for “6” substitute “5”;\n(d) in section 15 (income charged at the trust rate and the dividend trust rate), for “6” substitute “5”;\n(e) in section 16(2) (savings and dividend income to be treated as highest part of total income) omit paragraph (a) (and the “and” after it);\n(f) in section 23 (the calculation of income tax liability), in Step 4, for “6” substitute “5”;\n(g) in section 462 (overview of Part 9) omit subsection (6);\n(h) in section 484 (trustees’ expenses to be set against trustees’ trust rate income) omit subsection (3);\n(i) in section 498 (types of income tax for the purposes of section 497) omit Type 4.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2023/30/schedule/2/paragraph/13",
    "retrieved_at": "2026-10-29T08:52:11.242356+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."
}