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2.—(1) This Order establishes a trading scheme in relation to scheme activities for a trading period of seven phases which comprise—
(a)a first phase of three years commencing on 1st April 2010;
(b)a second phase of seven years commencing on 1st April 2011;
(c)subsequent phases of seven years commencing as shown in the following table—
Commencement date of phase | |
---|---|
Third phase | 1st April 2016 |
Fourth phase | 1st April 2021 |
Fifth phase | 1st April 2026 |
Sixth phase | 1st April 2031 |
Seventh phase | 1st April 2036 |
(2) This Order does not apply to an organisation which enjoys an exemption or relief from taxes under Schedule 1 to the International Organisations Act 1968(1).
1968 c. 48. Schedule 1 to the Act was amended by section 55(5) and (7) of the Finance Act 1972 (c. 41) and section 177(1) and paragraph 12 of Schedule 4 to the Customs and Excise Management Act 1979 (c. 2).
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