HC Deb 12 March 1992 vol 205 c1074

Resolved, That—

  1. (1) In section 19(5) of the Finance Act 1985, for the words from "and" at the end of paragraph (b) to the end of the subsection there shall be substituted—
    1. "(c) in relation to the third such period, the specified percentage is 15 per cent.; and
    2. (d) in relation to each such period after the third, the specified percentage is 20 per cent."
  2. (2) This Resolution shall apply in relation to any liability to a surcharge arising on or after 1st April 1992.
And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.