Finance Act, 1973
PART I Income Tax, Sur-Tax and Corporation Profits Tax | ||
Chapter I Income Tax | ||
Amendment of section 129 of Income Tax Act, 1967. |
1.—(1) Section 129 of the Income Tax Act, 1967 , is hereby amended by the addition of the following: | |
“Provided that if the amount of the interest as so calculated is less than £5, the amount of interest payable shall be £5.”. | ||
(2) Subsection (1) shall have effect in relation to interest chargeable for any month commencing on or after the date of the passing of this Act, or any part of such a month, on tax for the transmission of which an employer is or was liable whether before, on or after such date. |