Statutory Instruments
Corporation Tax
Made
20th July 2007
Laid before the House of Commons
23rd July 2007
Coming into force
13th August 2007
The Commissioners for Her Majesty’s Revenue and Customs make the following Regulations in exercise of the powers conferred by sections 431C(1), 431G(3)(a) and 442A(2) to (6) of the Income and Corporation Taxes Act 1988(1) and paragraph 58 of Schedule 8 to the Finance Act 1995(2), and now exercisable by them(3).
1988 c. 1. Section 431C was inserted by paragraph 2 of Schedule 8 to the Finance Act 1995 (c. 4). Section 431G was substituted for section 432 by paragraph 4 of Schedule 8 to the Finance Act 2007 (c. 11). Section 442A was inserted by paragraph 34 of Schedule 8 to the Finance Act 1995 and relevantly amended by paragraph 23(3) and (4) of Schedule 33, and Part 3(12) of Schedule 43, to the Finance Act 2003 (c. 14).
The functions of the Commissioners of Inland Revenue were transferred to the Commissioners for Her Majesty’s Revenue and Customs by section 5(2) of the Commissioners for Revenue and Customs Act 2005 (c. 11). Section 50 of that Act provides that in so far as it is appropriate in consequence of section 5 a reference in an enactment, however expressed, to the Commissioners of Inland Revenue is to be read as a reference to the Commissioners for Her Majesty’s Revenue and Customs.