# The Finance Act 2003, Schedule 22, Paragraph 3(1) (Appointed Day) Order 2003

S.I. 2003/1997 · made 5 August 2003

This Order appoints 1st September 2003 as the day on and after which paragraph 3(1) of Schedule 22 to the Finance Act 2003 (c. 14:“Schedule 22”) has effect. Schedule 22 substitutes new provisions for Chapters 1 to 5 of Part 7 of the Income Tax (Earnings and Pensions) Act 2003 (c. 1) and also makes consequential amendments to other enactments. By virtue of paragraph 3(2) of Schedule 22, paragraph 3(1) does not affect any securities or interest in securities acquired before 16th April 2003, although other provisions inserted by Schedule 22 will apply to such securities and interests as they apply to others.

Made under: Finance Act 2003 (Schedule 22 paragraph 3)

PDFs: Printed copy https://openlegislation.uk/finance-act-2003-schedule-22-paragraph-31-appointed-day-order-2003/pdf/uksi_20031997_en.pdf

## Introductory text

TAXES
Made 5th August 2003
The Treasury in exercise of the powers conferred upon them by paragraph 3(2) of Schedule 22 to the Finance Act 2003 hereby make the following Order:

## 1 Citation

This Order may be cited as the Finance Act 2003, Schedule 22, Paragraph 3(1) (Appointed Day) Order 2003.

## 2 Appointed day

Paragraph 3(1) of Schedule 22 to the Finance Act 2003 has effect on and after 1st September 2003.

## Signature

Jim Murphy
Joan Ryan
Two of the Lords Commissioners of Her Majesty’s Treasury
5th August 2003

## Explanatory note

(This note is not part of the Order)
This Order appoints 1st September 2003 as the day on and after which paragraph 3(1) of Schedule 22 to the Finance Act 2003 (c. 14:“Schedule 22”) has effect. Schedule 22 substitutes new provisions for Chapters 1 to 5 of Part 7 of the Income Tax (Earnings and Pensions) Act 2003 (c. 1) and also makes consequential amendments to other enactments. By virtue of paragraph 3(2) of Schedule 22, paragraph 3(1) does not affect any securities or interest in securities acquired before 16th April 2003, although other provisions inserted by Schedule 22 will apply to such securities and interests as they apply to others.
The Order also has the effect of commencing, in addition to paragraph 3, the following provisions of Schedule 22—
(a) the provisions inserted by paragraphs 4 and 10 relating to securities options to the extent that they are share options under the provisions previously in force,
(b) paragraph 12,
(c) paragraphs 13, 14, 29, 30, 32, 33 and 35 to 39,
(d) paragraph 46, to the extent specified in sub-paragraph (26)(c) of that paragraph, and
(e) paragraphs 55, 60(2), 63, 64, 65, 66, 67, 68, 69, 70 and 72.

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Source: https://www.legislation.gov.uk/uksi/2003/1997 (the official version)
Page: https://openlegislation.uk/finance-act-2003-schedule-22-paragraph-31-appointed-day-order-2003
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.