HC Deb 23 March 2004 vol 419 c825

Resolved,

That in relation to the year 2004–05 and any subsequent year of assessment for which income tax is charged—

  1. the Schedule F trust rate shall be 32.5 per cent, and
  2. the rate applicable to trusts shall be 40 per cent.

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.