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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 27 March 2013 - onwards

23. Amendment of Part 8 (annual payments, charges and interest) of Principal Act.

(1) Part 8 of the Principal Act is amended -

(a) in section 256(1) in the definition of "appropriate tax" -

(i) in paragraph (a) by substituting "33 per cent" for "30 per cent",

(ii) in paragraph (b) by substituting "33 per cent" for "30 per cent", and

(iii) in paragraph (c) by substituting "36 per cent" for "33 per cent",

and

(b) in section 267B -

(i) in subsection (2)(b) by substituting "33 per cent" for "30 per cent", and

(ii) in subsection (3)(b) by substituting "33 per cent" for "30 per cent".

(2) This section applies to any payment or crediting of relevant interest (within the meaning of Chapter 4 of Part 8 of the Principal Act) made on or after 1 January 2013.