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The Finance Act 1996, Schedule 35, (Appointed Day) Order 1997

S.I. 1997/133 · Made 23 January 1997

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 23rd January 1997

The Treasury, in exercise of the powers conferred on them by paragraph 7(2) of Schedule 35 to the Finance Act 1996f1, hereby make the following Order:

Annotations to the whole text

Footnotes

f1

1996 c. 8.

Contents

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

1

This Order may be cited as the Finance Act 1996, Schedule 35, (Appointed Day) Order 1997.

2

The day appointed for the purposes of paragraph 7(2) of Schedule 35 to the Finance Act 1996 is 31st January 1997.

Signature

Bowen Wells

Richard Ottaway

Two of the Lords Commissioners of Her Majesty’s Treasury

23rd January 1997

Explanatory note

(This note is not part of the Order)

Sections 33A to 33F of the Capital Allowances Act 1990 (c. 1) (“the 1990 Act”), which were inserted by sections 94 to 97 of the Finance Act 1995 (c. 4), make provision in relation to balancing charges in respect of ship disposals taking place on or after 21st April 1994.

Schedule 35 to the Finance Act 1996 (“Schedule 35”) amends sections 33A to 33F of the 1990 Act. Paragraph 7(1) of Schedule 35 provides that, subject to paragraph7(2), the Schedule shall have effect in relation to any case in which the ship disposal occurs on or after 29th April 1996; and paragraph 7(2) of Schedule 35 provides that the Schedule shall not apply for the purposes of claims, assessments and adjustments made on or after 29th April 1996 but before such day as the Treasury may by order appoint.

This Order appoints 31st January 1997 as the day in question.