2 For regulation 5(1) of the Taxes (Interest Rate) Regulations 1989 substitute—

“1 For the purposes of section 181 of the Income Tax (Earnings and Pensions) Act 2003 (“section 181”) the rate applicable under section 178 shall, on and after 6th April 2007 and subject to paragraph (2), be 6.25 per cent. per annum.
2003 c.1. Section 181 replaced section 160 of the Income and Corporation Taxes Act 1988 (c.1.).”

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S.I. 1989/1297; the relevant amending instruments are S.I. 1994/1307, 1567, 26571995/2436, 1996/54, 1321 and 2644, 1997/1681, 1999/419 and 2001/3860.