# The Finance Act 2007 (Schedule 9) Order 2008, Note: Explanatory note


(This note is not part of the Order)
This Order makes provision as to the effect of the amendments made by paragraphs 4, 6 to 9, 10(3) to (5), 11 and 12 of Schedule 9 to the Finance Act 2007 (c. 11: “FA 2007”) (insurance companies: transfers etc). The amendments are to have effect in relation to transfers of business taking place on or after 1st July 2008 and subject to any provision made by an order under paragraph 16 of that Schedule on or after the date on which this Order is made.
The relevant legislation in FA 2007 is part of the outcome of a continuing consultation process. A draft regulatory impact assessment was included as part of a consultation document, “Life Assurance Company Taxation – A Technical Consultative Document”, which was published by Her Majesty’s Revenue and Customs in May 2006. This is available at www.hmrc.gov.uk/life-assurance/consultation.htm.

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Source: https://www.legislation.gov.uk/uksi/2008/379/note (the official version)
Page: https://openlegislation.uk/finance-act-2007-schedule-9-order-2008/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.