(1)Except as otherwise provided by the following provisions of this section, this Act shall come into force in relation to tax for the year 1988-89 and subsequent years of assessment, and for companies’ accounting periods ending after 5th April 1988.
(2)Except as otherwise provided by the following provisions of this section, such of the provisions of this Act as relate to capital gains tax (including the provisions of Part XVIII as applied to capital gains tax by section 10 of the 1979 Act) shall come into force in relation to that tax for the year 1988-89 and subsequent years of assessment.
(3)The following provisions of this Act, that is to say—
(a)so much of any provision as authorises the making of any Order in Council or regulations or other instrument;
(b)so much of any provision as relates to the making of a return, the furnishing of a certificate or the giving of any other information, including any such provision which imposes a duty on the Board or an officer of the Board as well as any such provision which imposes a duty on any other person;
(c)so much of any provision as imposes any penalty;
(d)except where the tax concerned is all tax for years of assessment before the year 1988-89 or accounting periods ending before 6th April 1988, so much of any other provision as confers any power or imposes any duty the exercise or performance of which operates or may operate in relation to tax for more than one chargeable period,
shall come into force for all purposes on 6th April 1988 to the exclusion of the corresponding enactments repealed by this Act.
(4)This section has effect except as otherwise provided by any other provision of this Act, and in particular except as provided by sections 96, 380 to 384, 393, 394, 400, 703 and 812.
(1)Schedule 29, which makes amendments to other enactments consequential on the passing of this Act, shall have effect.
(2)Schedule 29, section 843 and this section are without prejudice to the provisions of the M1Interpretation Act 1978 as respects the effect of repeals.
(3)Schedule 30 which contains savings and transitional provisions shall have effect.
(4)The enactments mentioned in Schedule 31 are hereby repealed to the extent specified in the third column of that Schedule.
(5)Subject to subsection (6) below, section 843(3), Schedule 30 and to any other provision of this Act by which any provision is brought into force to the exclusion of the corresponding enactments repealed by this Act, those repeals shall come into force in accordance with subsections (1) and (2) of section 843.
(6)No provision mentioned in subsection (5) above shall be taken as bringing a repeal into force except to the extent that the repealed enactment is being superseded.
Marginal Citations
This Act may be cited as the Income and Corporation Taxes Act 1988.