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The Income Tax (Sub-Contractors in the Construction Industry) (Amendment) Regulations 1989

S.I. 1989/1290 · Made 28 July 1989

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

INCOME TAX

Made 28th July 1989

Laid before the House of Commons 28th July 1989

Coming into force 18th August 1989

The Commissioners of Inland Revenue, in exercise of the powers conferred on them by section 566(1) of the Income and Corporation Taxes Act 1988f1, hereby make the following Regulations:

Annotations to the whole text

Footnotes

f1

1988 c. 1.

Contents

  1. 1Citation and commencement
  2. 2Amendment to the Income Tax (Sub-Contractors in the Construction Industry) Regulations 1975
  3. Signature
  4. Explanatory note

1Citation and commencement

These Regulations may be cited as the Income Tax (Sub-Contractors in the Construction Industry) (Amendment) Regulations 1989 and shall come into force on 18th August 1989.

2Amendment to the Income Tax (Sub-Contractors in the Construction Industry) Regulations 1975

In regulation 12A(4) of the Income Tax (Sub-Contractors in the Construction Industry) Regulations 1975f1 for the words “has the same meaning as in section 89 of the Taxes Management Act 1970 as from time to time increased or decreased by the Treasury in accordance with that section for the purposes of section 86 of that Act” there shall be substituted – “means the rate applicable under section 178 of the Finance Act 1989f2 for the purposes of section 86 of the Taxes Management Act 1970f3”.

Signature

A.J.G. Isaac

L.J.H. Beighton

Two of the Commissioners of Inland Revenue

28th July 1989

Explanatory note

(This note is not part of the Regulations)

These Regulations, which come into force on 18th August 1989, amend regulation 12A(4) of the Income Tax (Sub-Contractors in the Construction Industry) Regulations 1975 by substituting a reference to “the rate applicable under section 178 of the Finance Act 1989 for the purposes of section 86 of the Taxes Management Act 1970”.

The amendment is consequential upon the coming into force on 18th August 1989 of section 178 of the Finance Act 1989 and the Taxes (Interest Rate) Regulations 1989 (S.I. 1989/1297) and of the repeal of section 89 of the Taxes Management Act 1970.