
1 
This Order may be cited as the Income Tax (Charge to Tax) (Payments out of Surplus Funds) (Relevant Rate) Order 1996 and shall come into force on 6th April 1996.
2 
The relevant rate for the purposes of section 599A(2) of the Income and Corporation Tax Act 1988 shall, in relation to payments made on or after 6th April 1996, be 34 per cent.
Simon Burns
Liam Fox
Two of the Lords Commissioners of Her Majesty’s Treasury
18th March 1996