# The Finance Act 2008, Section 31 (Specified Tax Year) Order 2008

S.I. 2008/3165 · made 10 December 2008

This Order specifies the tax year 2008-09 for the purposes of Section 31(1) of the Finance Act 2008. Section 31(1) increases, from £400,000 to £500,000, the maximum amount in respect of which enterprise investment scheme relief is available to an individual.

Made under: Finance Act 2008 (Section 31)

PDFs: Printed copy https://openlegislation.uk/finance-act-2008-section-31-specified-tax-year-order-2008/pdf/uksi_20083165_en.pdf

## Introductory text

Income Tax
Made 10th December 2008
The Treasury make the following Order in exercise of the powers conferred by section 31(2) and (3) of the Finance Act 2008.

## 1 Citation

This Order may be cited as the Finance Act 2008, Section 31 (Specified Tax Year) Order 2008.

## 2 Section 31 of the Finance Act 2008 (enterprise investment scheme: increase in amount of relief): specified tax year

For the purposes of Section 31(1) of the Finance Act 2008 (enterprise investment scheme: increase in amount of relief) the specified tax year is the tax year 2008-09.

## Signature

Tony Cunningham
Steve McCabe
Two of the Lords Commissioners of Her Majesty’s Treasury
10th December 2008

## Explanatory note

(This note is not part of the Order)
This Order specifies the tax year 2008-09 for the purposes of Section 31(1) of the Finance Act 2008. Section 31(1) increases, from £400,000 to £500,000, the maximum amount in respect of which enterprise investment scheme relief is available to an individual.
The effect of the Order is that the increased amount applies for the tax year 2008-09 and subsequent tax years.
Section 31(3) of the Finance Act 2008 provides authority for the retrospective effect of this Order.
A full Impact Assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.

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Source: https://www.legislation.gov.uk/uksi/2008/3165 (the official version)
Page: https://openlegislation.uk/finance-act-2008-section-31-specified-tax-year-order-2008
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.