1.The repeal of section 118(3) of the Taxes Management Act 1970 has effect in accordance with section 199(2) of, and paragraph 34(3) of Schedule 19 to, this Act.
2.The repeal of section 5 of the Income and Corporation Taxes Act 1988—
(a)except so far as it relates to partnerships whose trades, professions or businesses are set up and commenced before 6th April 1994, has effect in accordance with section 199(2) of this Act; and
(b)so far as it so relates, has effect as respects the year 1997-98 and subsequent years of assessment.
3.The repeals in section 824 of the Income and Corporation Taxes Act 1988 has effect in accordance with section 199(2) of, and paragraph 41(4) of Schedule 19 to, this Act.
4.The other repeals have effect in accordance with section 199(2) of this Act.