The Finance Act 2016, Schedule 21 (Appointed Days) Regulations 2017

EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations appoint the days on which the amendments made by Schedule 21 to the Finance Act 2016 (c. 24) (“Schedule 21”) come into force. The amendments made by paragraphs 2(4), 6(4) and 10(5) of Schedule 21 come into force on 8th March 2017 for the purposes of making regulations exercising the powers contained in the provisions inserted by those paragraphs into Schedule 24 to the Finance Act 2007 (c. 11), Schedule 41 to the Finance Act 2008 (c. 9), and Schedule 55 to the Finance Act 2009 (c. 10). For all other purposes, the amendments made by Schedule 21 come into force on 1st April 2017 and have effect, in relation to inheritance tax, for transfers of value made on or after 1st April 2017 and, for income tax and capital gains tax, for tax years beginning on or after 6th April 2016.

A Tax Information Impact Note has not been prepared for these Regulations as they give effect to previously announced policy and are appointed day regulations.