# The Finance Act 1991, section 58,(Commencement No. 1) Regulations 1992, Note: Explanatory note


(This note is not part of the Regulations)
Section 58 of the Finance Act 1991 makes further provision with regard to manufactured dividends and interest, and has effect in relation to payments made on or after such day as the Treasury may specify. Different days may be appointed for different provisions and different purposes. Subsection (1) of section 58 makes provision for section 736A to be inserted into the Income and Corporation Taxes Act 1988; and subsection (2) of section 58 introduces Schedule 13 to the 1991 Act. Paragraph 1 of Schedule 13 inserts Schedule 23A into the 1988 Act; paragraph 2 of Schedule 13 makes an amendment to Schedule 18 to the Finance Act 1986; and paragraphs 3 and 4 of Schedule 13 amend sections 737 and 738 of the 1988 Act respectively.
These Regulations specify 26thFebruary 1992 as the relevant day for some of the provisions and purposes mentioned in section 58 and Schedule 13. They bring into effect the amended section 737 of, and the inserted Schedule 23A to, the 1988 Act in relation to manufactured dividends on United Kingdom equities. They also bring into effect the amendment to Schedule 18 to the Finance Act 1986.

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Source: https://www.legislation.gov.uk/uksi/1992/173/note (the official version)
Page: https://openlegislation.uk/finance-act-1991-section-58commencement-no-1-regulations-1992/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.