
1 
This Order may be cited as the Income Tax (Reduced and Composite Rate) Order 1989 and shall come into force on 6th April 1990.
2 
The Treasury hereby determine that the rate which, under the provisions of the said section 483, shall for the year 1990–91 be the reduced rate (for building societies) and the composite rate (for deposit-takers) shall be 22 per cent.
David Lightbown
Tom Sackville
Two of the Lords Commissioners of Her Majesty’s Treasury
7th December 1989