1998 No. 1200
INCOME TAX
The Insurance Companies (Loan Relationships) (Election for Accruals Basis) Order 1998
Made
Laid before the House of Commons
Coming into force
The Treasury, in exercise of the powers conferred on them by paragraph 5(7) of Schedule 11 to the Finance Act 19961, hereby make the following Order:
1
This Order may be cited as the Insurance Companies (Loan Relationships) (Election for Accruals Basis) Order 1998 and shall come into force on 1st June 1998.
2
In paragraph 5(6) of Schedule 11 to the Finance Act 1996 for “31st March 1998” there shall be substituted “31st March 1999”.
Jim DowdJohn McFallTwo of the Lords Commissioners of Her Majesty’s Treasury
(This note is not part of the Order)