Paragraph 40

(1)

The amendments made by paragraphs 37 to 39 have effect—

(a)

for corporation tax purposes, in relation to chargeable periods beginning on or after 1 April 2013, and

(b)

for income tax purposes, in relation to chargeable periods beginning on or after 6 April 2013.

(2)

But see also—

(a)

paragraph 41 (which deals with the case of a company's chargeable period for corporation tax purposes straddling 1 April 2013), and

(b)

paragraph 42 (which saves the continued operation of certain provisions).