# The Finance Act 2003, Section 195 and Schedule 40 (Appointed Day) Order 2003

S.I. 2003/3077 · made 28 November 2003

Section 195 of, and Schedule 40 to, the Finance Act 2003 (c. 14) make provision for the purposes of the Taxes Acts and the Inheritance Act 1984 (c. 51) where a company acquires any of its own shares.

Made under: Finance Act 2003 (Section 195)

PDFs: Printed copy https://openlegislation.uk/finance-act-2003-section-195-and-schedule-40-appointed-day-order-2003/pdf/uksi_20033077_en.pdf

## Introductory text

TAXES
Made 28th November 2003
The Treasury, in exercise of the powers conferred upon them by section 195(12) of the Finance Act 2003, hereby make the following Order:

## 1 Citation

This Order may be cited as the Finance Act 2003, Section 195 and Schedule 40 (Appointed Day) Order 2003.

## 2 Appointed Day

The day appointed for the purposes of section 195 of, and Schedule 40 to, the Finance Act 2003 (companies acquiring their own shares) is 1st December 2003.

## Signature

Joan Ryan
John Heppell
Two of the Lords Commissioners of Her Majesty’s Treasury
28th November 2003

## Explanatory note

(This note is not part of the Order)
Section 195 of, and Schedule 40 to, the Finance Act 2003 (c. 14) make provision for the purposes of the Taxes Acts and the Inheritance Act 1984 (c. 51) where a company acquires any of its own shares.
This Order provides that these provisions have effect in relation to any acquisition of shares by a company on or after 1st December 2003.

---
Source: https://www.legislation.gov.uk/uksi/2003/3077 (the official version)
Page: https://openlegislation.uk/finance-act-2003-section-195-and-schedule-40-appointed-day-order-2003
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.