CTHIn ForceAct
Taxation (Trustee Beneficiary Non-disclosure Tax) Act (No. 1) 2007
5Temporary budget repair levy
Start here
Get a plain-English read of 5
Turn the raw legal text into a practical explanation grounded in Taxation (Trustee Beneficiary Non-disclosure Tax) Act (No. 1) 2007.
5 Temporary budget repair levy
(1) This section applies to the temporary budget repair levy years. (2) Increase the rate of tax mentioned in section 4 by 2 percentage points. (3) In this section:
temporary budget repair levy year means a year of income corresponding to a temporary budget repair levy year (within the meaning of section 4‑11 of the Income Tax (Transitional Provisions) Act 1997).