Previous SectionIndexHome Page



(1) Income tax shall be charged for the year 1999-00, and for that year--
(a) the starting rate shall be 10 per cent.;
(b) the basic rate shall be 23 per cent.; and
(c) the higher rate shall be 40 per cent.
(2) Nothing in this Resolution shall require any change to be made in the amounts deductible or repayable under section 203 of the Income and Corporation Taxes Act 1988 before 18th May 1999.
And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.

19. Income tax (personal allowances for those aged 65 or more)

Resolved,


Resolved,


    That--


    (1) In section 1 of the Income and Corporation Taxes Act 1988, after subsection (4) there shall be inserted--
    "(5A) Subsection (4) above shall not require any change to be made in the amounts deductible or repayable under section 203 during the period beginning with 6th April and ending with 17th May in the year of assessment."
    (2) In section 257C of that Act, after subsection (1) there shall be inserted--
    "(2A) Subsection (1) above shall not require any change to be made in the amounts deductible or repayable under section 203 during the period beginning with 6th April and ending with 17th May in the year of assessment."
    And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.

    21. Rates of capital gains tax

Resolved,


    That provision may be made about the rates of capital gains tax.

15 Mar 1999 : Column 831

    22. Corporation tax (charge and rate for financial year 2000)

Resolved,


    That, for the financial year 2000, corporation tax shall be charged at the rate of 30 per cent.

    23. Relief for interest payments (limit for 1999-00)

Resolved,


    That, for the year 1999-00, the qualifying maximum defined in section 367(5) of the Income and Corporation Taxes Act 1988 shall be £30,000.


    And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.

    24. Interest on loans for life annuities (withdrawal of relief)

Motion made, and Question put,


15 Mar 1999 : Column 835

    25. Cars available for private use

Motion made, and Question put,



Next Section

IndexHome Page