# The Income Tax (Reduced and Composite Rate) Order 1988, Article 2


The Treasury hereby determine that the rate which, under the provisions of the said section 483, shall for the year 1989—90 be the reduced rate (for building societies) and the composite rate (for deposit-takers) shall be 21.75 per cent.

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Source: https://www.legislation.gov.uk/uksi/1988/2145/article/2 (the official version)
Page: https://openlegislation.uk/income-tax-reduced-and-composite-rate-order-1988/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.