11F1(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.
F2(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)The amendments made by paragraph 10 have effect for the tax year 2008-09 and subsequent tax years.
(4)Subject to sub-paragraphs (1) to (3), the amendments made by this Schedule come into force on the day on which this Act is passed.
(5)But, despite the coming into force of paragraph 2, 3 or 5—
(a)the superseded provision, and
(b)any regulations made under the superseded provision,
continue to have effect until such time as the first regulations under the new regulation-making power come into force.
(6)In sub-paragraph (5)—
“new regulation-making power” means the regulation-making power substituted by paragraph 2, 3 or 5, and
“superseded provision” means—
(a)in relation to paragraph 2, the existing section 127(12) and (13) of FA 1995,
(b)in relation to paragraph 3, the existing paragraph 3(3) and (4) of Schedule 26 to FA 2003, or
(c)in relation to paragraph 5, the existing section 827(2) and (3) of ITA 2007.
Textual Amendments
F1Sch. 16 para. 11(1) repealed (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 10 Pt. 11 (with Sch. 9 paras. 1-9, 22)
F2Sch. 16 para. 11(2) repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)