SCHEDULES
SCHEDULE 16Non-residents: investment managers
Part 4Commencement
11
F21
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F12
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
The amendments made by paragraph 10 have effect for the tax year 2008-09 and subsequent tax years.
4
Subject to sub-paragraphs (1) to (3), the amendments made by this Schedule come into force on the day on which this Act is passed.
5
But, despite the coming into force of paragraph 2, 3 or 5—
a
the superseded provision, and
b
any regulations made under the superseded provision,
continue to have effect until such time as the first regulations under the new regulation-making power come into force.
6
In sub-paragraph (5)—
“new regulation-making power” means the regulation-making power substituted by paragraph 2, 3 or 5, and
“superseded provision” means—
- a
in relation to paragraph 2, the existing section 127(12) and (13) of FA 1995,
- b
in relation to paragraph 3, the existing paragraph 3(3) and (4) of Schedule 26 to FA 2003, or
- c
in relation to paragraph 5, the existing section 827(2) and (3) of ITA 2007.
- a