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The Finance Act 1989 (Savings-Related Share Option Schemes) (Appointed Day) Order 1989 in England

S.I. 1989/1520 · Made 18 August 1989

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 18th August 1989

The Treasury, in exercise of the powers conferred upon them by section 62(4) of the Finance Act 1989f1 and of all other powers enabling them in that behalf, hereby make the following Order:–

Annotations to the whole text

Footnotes

f1

1989 c. 26.

Contents

  1. 1Article 1
  2. Signature
  3. Explanatory note

1

This Order may be cited as the Finance Act 1989 (Savings-Related Share Option Schemes) (Appointed Day) Order 1989.

2.

The day appointed for the coming into force of section 62(2) of the Finance Act 1989 is 1st September 1989.

Signature

David Lightbown

Stephen Dorrell

Two of the Lords Commissioners of Her Majesty’s Treasury

18th August 1989

Explanatory note

(This Note is not part of the Order)

This Order appoints 1st September 1989 as the day on which section 62(2) of the Finance Act 1989 is to come into force.

That subsection increases the maximum monthly amount which a person may contribute to a savings related share option scheme certified by the Treasury under section 326 of the Income and Corporation Taxes Act 1988 (c. 1) and approved by the Board of Inland Revenue for the purposes of Schedule 9 to that Act.

The increase is from £100 to £150.