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

S.I. 1995/408 · made 20 February 1995

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.

Made under: Finance Act 1993 (Section 164, Section 167, Schedule 16 paragraph 2, Schedule 16 paragraph 4, Schedule 16 paragraph 6)

## Introductory text

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 1993, hereby make the following Regulations:

## 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 1994.

## 2 

In the Exchange Gains and Losses (Transitional Provisions) Regulations 1994, 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.

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Source: https://www.legislation.gov.uk/uksi/1995/408 (the official version)
Page: https://openlegislation.uk/exchange-gains-and-losses-transitional-provisions-amendment-regulations-1995
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.