Regulation 2 Amendment 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”.
Annotations
Footnotes
- f1
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S.I. 1975/1960; regulation 12A was inserted by S.I. 1988/636.
- f2
- f3
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1970 c. 9; section 86 was substituted by section 46(1) of the Finance (No. 2) Act 1975 (c. 45); the section as substituted was amended by sections 61(3) and 62(1) and (2) of the Finance Act 1980 (c. 48), by section 69(1) of the Finance Act 1982 (c. 39), by section 844(1) of, and paragraph 32 of Schedule 29 to, the Income and Corporation Taxes Act 1988 (c. 1) and by section 179(1) of the Finance Act 1989.