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The Finance Act 1991 (Savings-related Share Option Schemes) (Appointed Day) Order 1991 in England

S.I. 1991/1741 · Made 25 July 1991

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 25th July 1991

The Treasury, in exercise of the powers conferred on them by section 40(2) of the Finance Act 1991f1, hereby make the following Order:

Annotations to the whole text

Footnotes

f1

1991 c. 31.

Contents

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

1

This Order may be cited as the Finance Act 1991 (Savings-related Share Option Schemes) (Appointed Day) Order 1991.

2

The day appointed for the coming into force of section 40 of the Finance Act 1991 is 1st September 1991.

Signature

Sydney Chapman

Thomas Sackville

Two of the Lords Commissioners of Her Majesty’s Treasury

25th July 1991

Explanatory note

(This note is not part of the Order)

This Order appoints 1st September 1991 as the day on which section 40 of the Finance Act 1991 is to come into force.

That section increases from £150 to £250 the maximum monthly amount which under paragraph 24(2) of Schedule 9 to the Income and Corporation Taxes Act 1988 (c. 1) a person may contribute to a savings-related share option scheme approved by the Board of Inland Revenue under that Schedule. The maximum amount was previously increased from £100 to £150 by section 62(2) of the Finance Act 1989 (c. 26) with effect from 1st September 1989 (S.I. 1989/1520).