Regulation 7 Amendments to the Principal Regulations
In Regulation 29A in paragraph (4)f1 for the words “any such increase” onwards there shall be substituted the words—
“and, where that rate changes on an operative date within the meaning of the Taxes (Interest Rate) Regulations 1989f2 by virtue of those Regulations, the change shall have effect for periods beginning on or after the operative date in relation to interest running from before that date as well as from or from after that date.”