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The Finance Act 2014, Schedule 37, Paragraph 22 (Commencement) Order 2014

S.I. 2014/2461 · Made 12 September 2014

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Income Tax

Capital Gains Tax

Made 12th September 2014

The Treasury, in exercise of the power conferred by paragraph 22(2) of Schedule 37 to the Finance Act 2014f1, makes the following Order:

Annotations to the whole text

Footnotes

f1

2014 c. 26.

Contents

  1. 1Citation
  2. 2Appointed Day
  3. Signature
  4. Explanatory note

1Citation

This Order may be cited as the Finance Act 2014, Schedule 37, Paragraph 22 (Commencement) Order 2014.

2Appointed Day

The day appointed for the coming into force of the amendment of paragraph 9 of Schedule 5 to Income Tax (Earnings and Pensions) Act 2003 (enterprise management incentives: the independence requirement) made by paragraph 22(1) of Schedule 37 to the Finance Act 2014 is 1st October 2014.

Signature

Mark Lancaster

Alun Cairns

Two of the Lords Commissioners of Her Majesty’s Treasury

12th September 2014

Explanatory note

(This note is not part of the Order)

This Order brings into force the amendment made by paragraph 22(1) of Schedule 37 to the Finance Act 2014f1 to paragraph 9 of Schedule 5 to Income Tax (Earnings and Pensions) Act f2 (enterprise management scheme: the independence requirement). The effect of the amendment is to amend the independence requirement for the enterprise management incentives tax-advantaged employee share scheme to accommodate companies that are subject to an employee-ownership trust.