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Finance Act 2024

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Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).

Transitional provision: bearer instruments

28(1)Sub-paragraph (2) applies in relation to bearer instruments issued before 1 January 2024—

(a)in the United Kingdom, or

(b)outside the United Kingdom by or on behalf of a UK company.

(2)The amendment made by paragraph 19(3) is to be disregarded.

(3)In sub-paragraph (1)bearer instrument” and “UK company” have the same meaning as in Schedule 15 to FA 1999 (see paragraphs 3 and 11 of that Schedule).

(4)Sub-paragraph (5) applies in relation to UK bearer instruments within the meaning of section 99(1A) of FA 1986 issued before 1 January 2024.

(5)The amendments made by paragraph 6(2) and (3) are to be disregarded.

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