1992 No. 1346 (C.44)
The Finance Act 1991, section 58, (Commencement No. 2) Regulations 1992
Made
Laid before the House of Commons
Coming into force
The Treasury, in exercise of the powers conferred on them by section 58(3) of the Finance Act 19911, hereby make the following Regulations:
1
These Regulations may be cited as the Finance Act 1991, section 58, (Commencement No. 2) Regulations 1992 and shall come into force on 29th June 1992.
2
The day specified by these Regulations as the day on which—
a
the provisions of section 58 of the Finance Act 1991 referred to in regulation 3 shall have effect in relation to payments made on or after that day for the purposes referred to in paragraph (1) of regulation 4, and
b
the provisions of that section referred to in regulation 5 shall have effect in relation to payments made on or after that day,
is 30th June 1992.
3
The provisions referred to in this regulation are—
a
the insertion by subsection (1) of that section of section 736A of the Income and Corporation Taxes Act 19882 after section 736 of that Act,
b
the insertion by subsection (2) of that section and paragraph 1 of Schedule 13 to the Finance Act 1991 of Schedule 23A to the Income and Corporation Taxes Act 1988 after Schedule 23 to that Act, and
c
the amendments made by subsection (2) of that section and paragraph 3 of Schedule 13 to the Finance Act 1991 to section 737 of the Income and Corporation Taxes Act 19883.
4
1
The purposes referred to in this paragraph are the application of—
a
the said section 736A,
b
the said Schedule 23A, and
c
the said section 737 as so amended,
to payments of amounts representative of periodical payments of interest on United Kingdom securities.
2
In paragraph (1) above “United Kingdom securities”has the meaning given by paragraph 1(1) of the said Schedule 23A.
5
The provisions referred to in this regulation are the amendments made by subsection (2) of section 58 of the Finance Act 1991 and paragraph 4 of Schedule 13 to that Act to section 738 of the Income and Corporation Taxes Act 1988.
(This note is not part of the Regulations)