Article 17 PAYE: readily convertible assetsI1

United Kingdom

(1)

Amend section 203F (PAYE: readily convertible assets)^f1 as follows.

(2)

In subsection (2)(a) for “of the Financial Services Act 1986” substitute “given by section 285(1)(a) of the Financial Services and Markets Act 2000”.

(3)

In subsection (5) for the words from “right” to the end substitute “investment of a kind specified in Part III of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.”.

Annotations

Commencement

I1: Art. 17 in force at 1.12.2001, see art. 1(2)(a)

Footnotes

f1: Section 203F was inserted by section 127 of the Finance Act 1994 (c. 9) and was relevantly amended by section 65(4) of the Finance Act 1998.