# Finance Act 2026, Paragraph 12: Commencement of paragraphs 4 to 11

Extent: E+W+S+N.I.

The amendments made by paragraphs 4 to 11 have effect—
(a) in relation to chargeable periods ending on or after 1 January 2026 but that commence before the end of the period of two years beginning with that date, in relation to borrowing occurring on, or after, 1 January 2026, and
(b) for all purposes—
(i) in relation to chargeable periods commencing on or after the end of that period, or
(ii) where a person has elected that the amendments should apply in relation to it in relation to any earlier chargeable period of the person ending on or after 1 January 2026, in relation to that period.

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Source: https://www.legislation.gov.uk/ukpga/2026/11/schedule/6/paragraph/12 (the official version)
Page: https://openlegislation.uk/finance-act-2026/schedule-6/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.