Section 19 | Lower rate: further provisions.

(1)In section 7(4) of the Taxes Management Act 1970 for “basic rate" there shall be substituted “ the basic rate or the lower rate ”.

(2)In each of the provisions to which this subsection applies, after “basic rate" there shall be inserted “ or the lower rate ”; and this subsection applies to section 91(3)(c) of the Taxes Management Act 1970 and to sections ... 599A(7) of the Taxes Act 1988.^F1

(3)Repealed^F2

(4)Repealed^F3

(5)Repealed^F4

(6)Repealed^F5

(7)This section shall apply for the year 1992-93 and subsequent years of assessment.