Regulation 3 Amendments to the Principal Regulations

For regulation 5 of the Principal Regulations there shall besubstituted—

“Applicable rate of official rate of interest

5

For the purpose of section 160 of the Income and Corporation TaxesAct 1988^f1 the rate applicable under section 178 shall, on andafter 6th April 1991, be 13.5 per cent. per annum.”