Finance Act, 1998
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Amendment of section 117 (interest on tax) of Finance Act, 1993 . |
127.—(1) Section 117 of the Finance Act, 1993 , is hereby amended— | |
(a) in paragraph (b), by the substitution of “one per cent” for “one and one-quarter per cent.”, and | ||
(b) in paragraph (c), by the substitution of “one per cent” for “one and one-quarter per cent.”. | ||
(2) This section shall have effect in relation to probate tax due before, on or after the date of the passing of this Act where the period in respect of which interest is to be charged, or a discount falls to be made, commences on or after that date. |