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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order exercises power conferred by the Corporation Tax Act 2010 to undo unintended changes resulting from the work of the Tax Law Re-write project. The Acts affected are the Taxation of Chargeable Gains Act 1992 (c. 12) (article 2), the Corporation Tax Act 2009 (c. 4) (article 3) and the Corporation Tax Act 2010 (c. 4) (article 4) itself.

Authority for the retrospective provision made by this Order is conferred by section 1179(4) of the Corporation Tax Act 2010.

A full and final Impact Assessment has not been produced for this Order as no impact on the private or voluntary sectors is foreseen.