Part IIIIncome Tax, Corporation Tax and Capital Gains Tax
Chapter IGeneral
Tax rates and personal reliefs
28Deduction rate for sub-contractors in construction industry
Section 559(4) of the Taxes Act 1988 (which requires deductions to be made from payments to certain sub-contractors in the construction industry) shall have effect in relation to payments made on or after 31st October 1988 with the substitution for the words “27 per cent.” of the words “25 per cent.”.