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The Finance Act 1995, section 63 (2), (Appointed Day) Order 1995

S.I. 1995/3236 · Made 11 December 1995

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INCOME TAX

Made 11th December 1995

Laid before the House of Commons 12th December 1995

Coming into force 1st January 1996

The Commissioners of Inland Revenue, in exercise of the powers conferred on them by section 63 (5) of the Finance Act 1995f1, hereby make the following Order:

Annotations to the whole text

Footnotes

f1

1995 c. 4.

Contents

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

1

This Order may be cited as the Finance Act 1995, section 63 (2), (Appointed Day) Order 1995.

2

The day appointed for the application of section 63 (2) of the Finance Act 1995 in relation to tax-exempt special savings accounts opened after that day is 1st January 1996.

Signature

SCT Matheson

GH Bush

Two of the Commissioners of Inland Revenue

11th December 1995

Explanatory note

(This note is not part of the Order)

This Order applies section 63 (2) of the Finance Act 1995 (“section 63 (2)”) in relation to tax-exempt special savings accounts opened after 1st January 1996. Section 63 (2) amended section 326A(4) of the Income and Corporation Taxes Act 1988 (c. 1) by adding relevant European institutions to the societies and institutions with which tax-exempt special savings accounts may be held. A relevant European institution for this purpose is a European authorised institution within the meaning of the Banking Co-ordination (Second Council Directive) Regulations 1992 (S.I. 1992/3218 amended by S.I. 1993/3225 and 1995/1217).