Article 1 Citation, commencement and interpretation

(1)

This Order may be cited as the AEA Technology plc (Capital Allowances) Order 1996 and shall come into force on 1st September 1996.

(2)

In this Order:

(a)

“the Act” means the Atomic Energy Authority Act 1995;

(b)

“the 1988 Act” means the Income and Corporation Taxes Act 1988^f1;

(c)

“the 1990 Act” means the Capital Allowances Act 1990^f2;

(d)

“the Company” means the successor company registered by the name of AEA Technology plc and with the company registration number 3095862;

(e)

“the Transfer Date” means 31st March 1996, being the date on which the Transfer Scheme came into force;

(f)

“the Transfer Scheme” means the scheme made by the United Kingdom Atomic Energy Authority on 7th March 1996 pursuant to section 1(1) of the Act and to a direction given by the Secretary of State dated 12th February 1996; and

(g)

“use” means use in any trade in which the assets in question are, have been, or are to be used on or after the Transfer Date.

Annotations

Footnotes

f1: 1988 c. 1.
f2: 1990 c. 1; section 24 was amended (by the insertion of subsection (6A)) by the Finance (No 2) Act 1992 (c. 48) (“the 1992 Act”), section 68(3) and (9); section 25 was amended (by the insertion of subsection 3A) by the Finance Act 1996 (c. 8), section 135(1), (2), (3) and Schedule 21, paragraph 26(2); section 26 was amended (by insertion of subsections (1)(ea), (eb), (ec) and (2AA)) by the 1992 Act, section 68(5), (6) and (9); section 34(1) was amended by the 1992 Act, section 71(1), (2) and (6); section 67A was inserted by the 1992 Act, section 68(1) and (8); section 83 was amended (by the insertion of subsection (7) and Schedule AA1) by the Finance Act 1994 (c. 9), section 117(1).