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2.  In regulation 5(1) of the Taxes (Interest Rate) Regulations 1989(1)—

(a)for “6th November 1994” there shall be substituted “6th October 1995”;

(b)for “8 per cent. per annum” there shall be substituted “7.75 per cent. per annum”.

(1)

S.I 1989/1297; relevant amending intruments are S.I 1994/1307, 1567 and 2657.