Part 10General provisions

Chapter 3Supplementary and general provisions

General and final

I1883Commencement 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.