
1 
This Order may be cited as the Income Tax (Charge to Tax) (Payments out of Surplus Funds) (Relevant Rate) Order 1997 and shall come into force on 6th April 1997.
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 1997, be 33 per cent.
Richard Ottaway
Gyles Brandreth
Two of the Lords Commissioners of Her Majesty’s Treasury
17th February 1997