SCHEDULES
F1SCHEDULE 9A Anti-avoidance provisions: groups
Time limit on directions
4
1
A direction under this Schedule shall not be given more than six years after whichever is the later of—
a
the occurrence of the relevant event by reference to which it is given; and
b
the time when the relevant entitlement arose.
2
A direction under this Schedule shall not be given by reference to a relevant event occurring on or before 28th November 1995.
3
Subject to sub-paragraphs (1) and (2) above, a direction under this Schedule—
a
may be given by reference to a relevant event occurring before the coming into force of this Schedule; and
b
may require assumptions to be made in relation to times (including times before 29th November 1995) falling before the occurrence of the relevant event by reference to which the direction is given, or before the relevant entitlement arose.
4
For the purposes of this paragraph the reference, in relation to the giving of a direction, to the relevant entitlement is a reference to the entitlement by reference to which the requirements of paragraph 1(4) above are taken to be satisfied for the purposes of that direction.
Sch. 9A inserted (29.4.1996) by 1996 c. 8, s. 31, Sch. 4