Explanatory Notes

Postal Services Act 2000

2000 CHAPTER 26

28 July 2000

Commentary on Sections

Part IV Reorganisation of the Post Office

Section 81: Tax

124.Section 81 gives effect to the provisions in Schedule 4, which sets out the tax provisions in relation to the transfer of property, rights and liabilities from the Post Office to the Post Office company. The provisions ensure that the transfer is tax neutral i.e. the Post Office company will not gain any tax advantage from the transfer or suffer any tax disadvantage.