Section 37 Abolition of periodic accounting.
United Kingdom
(1)
Section 51B of the Taxes Act 1988 (which enables provision to be made requiring tax on interest on gilt-edged securities to be accounted for periodically) shall cease to have effect.
F1(2)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
P1(3)
The preceding provisions of this section have effect in relation only to payments of interest falling due on or after such day as the Treasury may by order appoint.
Annotations
Textual amendments
- F1
S. 37(2) repealed (11.5.2001 with effect as mentioned in s. 87 of the amending Act) by 2001 c. 9, ss. 87, 110, Sch. 33 Pt. II(12) Note
Subordinate legislation made
- P1
S. 37(3) power exercised (9.3.1999): 1.4.1999 appointed by S.I. 1999/619, art. 2