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EXPLANATORY NOTE
This Order appoints 30th December 2011 as the day on which the amendments made by section 88 of the Finance Act 2011 come into force.
Subsections (2) to (7) of section 88 amend section 1 of the Provisional Collection of Taxes Act 1968 (c. 2) (“the PCTA”). That section gives temporary statutory effect to resolutions of the House of Commons which renew, vary or abolish taxes and duties to which it applies(). The amendments ensure that the PCTA continues to enable such changes to tax law, and that it continues to enable the collection of taxes, on a provisional basis after currently planned changes to the parliamentary timetable(), subject to restrictions and conditions. Subsection (8) repeals provisions which had previously amended section 1 of the PCTA and become redundant as a result of changes brought into force by this Order.
A Tax Information and Impact Note has not been prepared for this instrument as it gives effect to previously announced policy and it is an appointed day order.
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