Part IV
had it been income for the year 1998-99, would have been income to which section 1A of the 1988 c. 1.Income and Corporation Taxes Act 1988 (income from savings and distributions) applied for that year.
(4) In this section—
- (a) a reference, in relation to any year of assessment, to income tax being charged for that year includes a reference to the passing of a PCTA resolution that provides for the charging of that tax for that year, and
- (b) a reference, in relation to a year of assessment, to the determination by the Parliament of the United Kingdom of a rate to be the basic rate for that year includes a reference to the passing of a PCTA resolution specifying a percentage to be the basic rate for that year.
(5) In this section “a PCTA resolution” means a resolution of the House of Commons containing such a declaration as is mentioned in section 1(2)(b) of the 1968 c. 2.Provisional Collection of Taxes Act 1968.
Supplemental provision with respect to resolutions. 74.—(1) This section applies to any resolution of the Parliament (“a tax-varying resolution”) which—
- (a) provides, in accordance with section 73, for an increase or reduction for Scottish taxpayers of the basic rate for any year of assessment, or
- (b) cancels a previous resolution of the Parliament providing for such an increase or reduction.
(2) Subject to subsection (3), a tax-varying resolution—
- (a) must be expressed so as to relate to no more than a single year of assessment beginning after, but no more than twelve months after, the passing of the resolution, but
- (b) shall have effect in relation to a determination by the Parliament of the United Kingdom of the rate to be the basic rate for that year irrespective of whether that determination had been made at the time of the passing of the resolution.
(3) Subsection (2) shall not prevent a tax-varying resolution relating to any year of assessment from being passed and having effect where—
- (a) a determination by the Parliament of the United Kingdom of the rate to be the basic rate for that year is made after, or less than a month before, the beginning of that year,
- (b) that determination is not confined to the passing of the enactment by which a determination of the same rate by a PCTA resolution is ratified, and
- (c) the tax-varying resolution is passed within the period of one month beginning with the day of the making by the Parliament of the United Kingdom of its determination.
(4) Where, in a case to which subsection (3) applies, a tax-varying resolution is passed after the beginning of the year of assessment to which it relates—
- (a) the resolution shall have effect as from the beginning of that year, and
