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The Exchange Gains and Losses (Transitional Provisions) (Amendment) Regulations 1995

S.I. 1995/408 · Made 20 February 1995

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

INCOME TAX

Made 20th February 1995

Laid before the House of Commons 22nd February 1995

Coming into force 23rd March 1995

The Treasury, in exercise of the powers conferred on them by sections 164(14) and 167(1) and (4) of, and paragraphs 2, 4 and 6 of Schedule 16 to, the Finance Act 1993f1, hereby make the following Regulations:

Annotations to the whole text

Footnotes

f1

1993 c. 34.

Contents

  1. 1Regulation 1
  2. 2Regulation 2
  3. Signature
  4. Explanatory note

1

These Regulations may be cited as the Exchange Gains and Losses (Transitional Provisions) (Amendment) Regulations 1995 and shall come into force on 23rd March 1995 immediately after the Exchange Gains and Losses (Transitional Provisions) Regulations 1994f1.

2

In the Exchange Gains and Losses (Transitional Provisions) Regulations 1994f1, in regulation 17(1)(a), for the words “its amount or its term (or both)” there shall be substituted the words “both its amount and its term”.

Signature

Derek Conway

Tim Wood

Two of the Lords Commissioners of Her Majesty’s Treasury

20th February 1995

Explanatory note

(This note is not part of the Regulations)

These Regulations make an amendment to regulation 17 of the Exchange Gains and Losses (Transitional Provisions) Regulations 1994 (S.I. 1994/3226) to ensure that the application of Part IV of those Regulations is confined to debts where both the amount and the term are fixed.