Explanatory note

This Order appoints 1st April 2012 as the day from which Parts 2 and 3 of Schedule 14 to the Finance Act 2012 (c. 14) have effect so that the provisions relating to income tax, capital gains tax and corporation tax (including any amount assessable or chargeable as if it were corporation tax) in respect of qualifying Gifts to the Nation contained therein have effect in relation to liabilities for tax years and accounting periods beginning on or after that day.

A Tax Information and Impact Note (“TIIN”) has not been prepared for this instrument as it gives effect to previously announced policy and is an appointed day order. A TIIN covering Schedule 14 was published on 6th December 2011 and is available on the HMRC website at http://www.hmrc.gov.uk/thelibrary/tiins/htm. It remains an accurate summary of the impacts that apply to the Schedule