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The Finance (No. 3) Act 2010, Schedule 2 (Appointed Day) Order 2011

S.I. 2011/662 · Made 7 March 2011

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Income Tax

Made 7th March 2011

The Treasury make the following Order in exercise of the powers conferred by paragraph 8 of Schedule 2 to the Finance (No. 3) Act 2010f1.

Annotations to the whole text

Footnotes

f1

2010 c. 33.

Contents

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

1Citation

This Order may be cited as the Finance (No. 3) Act 2010, Schedule 2 (Appointed Day) Order 2011.

2Appointed day

The day appointed as the commencement day for the purposes of paragraphs 6 and 7 of Schedule 2 to the Finance (No. 3) Act 2010 is 6th April 2011.

Signature

Michael Fabricant

Brooks Newmark

Two of the Lords Commissioners of Her Majesty’s Treasury

7th March 2011

Explanatory note

(This note is not part of the Order)

This Order appoints 6th April 2011 as the “commencement day” for the purposes of paragraphs 6 and 7 of Schedule 2 to the Finance (No. 3) Act 2010. Schedule 2 amends the provisions of the Income Tax Act 2007f1 in relation to Venture Capital Trusts. Paragraphs 6 and 7 provide that those amendments shall have effect from, or by reference to, the “commencement day”.

A full impact assessment of the effect that this instrument will have on the cost of business and the voluntary sector is included in the impact assessment for the provisions commenced by this Order and is available at http://www.hmrc.gov.uk/budget2010/vent-cap-ent-man-ia-2540.htm.