OpenLegislation

Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

Section 33A of the Capital Allowances Act 1990 (inserted by section 94 of the Finance Act 1995) (“section 33A”) allows claims to be made by shipowners for the deferment of balancing charges on ship disposals taking place on or after 21st April 1994.

Section 33F(3) of the 1990 Act (inserted by section 97(1) of the Finance Act 1995) provides that no claim may be made under section 33A at any time before such date as the Treasury may by order appoint.

This Order appoints 31st May 1996 as the date in question.