Regulation 4 Amendments to the Principal Regulations coming into orce on 7th February 1990

In Regulation 12A ^f1in paragraph (4) 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 1989 ^f2by 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.”