
1 
This Order may be cited as the Income Tax (Reduced and Composite Rate) Order 1988 and shall come into force on 6th April 1989.
2 
The Treasury hereby determine that the rate which, under the provisions of the said section 483, shall for the year 1989—90 be the reduced rate (for building societies) and the composite rate (for deposit-takers) shall be 21.75 per cent.
David Lightbown
David Maclean
Two of the Lords Commissioners of Her Majesty’s Treasury
7th December 1988