822 Over-deductions from interest on loan capital etc made before passing of annual Act
Income and Corporation Taxes Act 1988 (1988 c 1) | Legislation

822  Over-deductions from interest on loan capital etc made before passing of annual Act

(1)     If in any year of assessment (“the year”) a resolution having statutory effect under the Provisional Collection of Taxes Act 1968 provides for the charging of income tax at a [lower rate less] than that charged for the previous year, the following provisions of this section shall have effect with respect to deductions in respect of income tax by any body corporate, from payments of interest (not being a distribution)

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