# Finance (No. 2) Act 2023, Paragraph 13

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

(1) ITA 2007 is amended as follows.
(2) Omit Chapter 6 of Part 9 (trustees’ first slice of trust rate income).
(3) In consequence of the amendment made by sub-paragraph (2)—
(a) in section 2(9)(b) (overview of Act), for “4, 5 and 6” substitute “4 and 5”;
(b) in section 11(2) (income charged at the default basic rate: non- individuals), for “6” substitute “5”;
(c) in section 14(2) (income charged at the dividend ordinary rate: other persons), for “6” substitute “5”;
(d) in section 15 (income charged at the trust rate and the dividend trust rate), for “6” substitute “5”;
(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);
(f) in section 23 (the calculation of income tax liability), in Step 4, for “6” substitute “5”;
(g) in section 462 (overview of Part 9) omit subsection (6);
(h) in section 484 (trustees’ expenses to be set against trustees’ trust rate income) omit subsection (3);
(i) in section 498 (types of income tax for the purposes of section 497) omit Type 4.

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Source: https://www.legislation.gov.uk/ukpga/2023/30/schedule/2/paragraph/13 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2023/schedule-2/paragraph-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.