The Taxes (Interest Rate) (Amendment) Regulations 1998

• Citation: S.I. 1998/310
• Sections: 2

Section 1

These Regulations may be cited as the Taxes (Interest Rate) (Amendment) Regulations 1998 and shall come into force on 9th March 1998.

Section 2

In regulation 3(1) of the Taxes (Interest Rate) Regulations 1989 , after sub-paragraph (a) there shall be inserted the following sub-paragraphs—

(aa) section 59C of the Taxes Management Act 1970 , as it applies to any income tax or capital gains tax which has become payable in accordance with—

(i) section 55 of that Act, so far as it relates to an amendment or assessment referred to in paragraphs (a) and (b) of sub-section (1) of that section, or

(ii) section 59B of that Act,

(ab) section 103A of the Taxes Management Act 1970, so far as it relates to—

(i) any person who may be required by a notice under section 8 , 8A or 12AA of that Act (or under any of those sections as extended by section 12 of that Act) to make and deliver a return for a year of assessment or other period, and

(ii) income tax or capital gains tax,