Part 10General provisions
Chapter 3Supplementary and general provisions
General and final
F3881Disapplication of corporation tax: section 9 of ICTA
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I1882Consequential amendments
1
Schedule 1 (which contains consequential amendments) has effect.
2
The Treasury may by order make such modifications of any enactment or provision made under an enactment as the Treasury consider appropriate in consequence of this Act.
3
In subsection (2) “modifications” includes amendments or repeals.
4
An order under subsection (2)—
a
must not change the effect of the law as it was immediately before 6th April 2005, and
b
may include such transitional or saving provision as the Treasury consider appropriate.
5
Subsection (4)(a) does not apply so far as an order contains provision made in consequence of a change already made by this Act in the effect of the law.
I2883Commencement and transitional provisions etc.
1
This Act comes into force on 6th April 2005 and has effect—
a
for income tax purposes, for the tax year 2005-06 and subsequent tax years, and
b
for corporation tax purposes, for accounting periods ending after 5th April 2005.
2
Subsection (1) is subject to subsections (3) to (5) (including Schedule 2).
3
Subsection (1) does not apply to the following provisions of this Act (which therefore come into force on the passing of this Act)—
a
section 873 (orders and regulations made by Treasury or F1Commissioners),
b
sections 875 to 881 (certain interpretation and general provisions),
c
section 882(2) to (5) (power to make consequential amendments),
d
this section other than subsection (4) below,
e
section 885 and Schedule 4 (abbreviations and general index),
f
section 886 (short title), and
g
paragraphs 78 and 148(5) of Schedule 2 (powers relating to open-ended investment companies and periodical payments of personal injury damages etc.) and subsection (4) below so far as it applies for the purposes of those provisions.
4
Schedule 2 (which contains transitional provisions and savings etc.) has effect.
5
The Treasury may by order make such transitional or saving provision as the Treasury consider appropriate in connection with the coming into force of this Act.
884Repeals and revocations
Schedule 3 (which contains repeals and revocations of enactments including certain spent enactments) has effect.
885Abbreviations and general index in Schedule 4
1
Schedule 4 (which contains abbreviations and defined expressions that apply for the purposes of this Act) has effect.
2
Part 1 of that Schedule gives the meaning of the abbreviated references to Acts used in this Act.
3
Part 2 of that Schedule lists the places where expressions used in this Act are defined or otherwise explained—
a
in this Act for the purposes of this Act or for purposes including this Act,
b
in this Act for the purposes of a Part or Chapter of this Act, or
c
in F2another Act for the purposes of this Act.
886Short title
This Act may be cited as the Income Tax (Trading and Other Income) Act 2005.