# The Taxes (Interest Rate) (Amendment) Regulations 1991, 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 the rate applicable under section 178 shall, on andafter 6th April 1991, be 13.5 per cent. per annum.”

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Source: https://www.legislation.gov.uk/uksi/1991/889/regulation/3 (the official version)
Page: https://openlegislation.uk/taxes-interest-rate-amendment-regulations-1991/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.