Introductory text

Income Tax

Corporation Tax

Made 14th March 2012

Laid before the House of Commons 15th March 2012

Coming into force 6th April 2012

The Commissioners for Her Majesty’s Revenue and Customs make the following Regulations in exercise of the powers conferred by section 113(1) of the Taxes Management Act 1970^f1, section 136 of the Finance Act 2002^f2, section 205 of the Finance Act 2003^f3 and sections 62(3), (6) and (7), 71, 73 and 75 of, and paragraphs 4(3), 8(2) and 12(2) of Schedule 11 to, the Finance Act 2004^f4 and now exercisable by them^f5:

Annotations

Footnotes

f1: 1970 c. 9.
f2: 2002 c. 23.
f3: 2003 c. 14.
f4: 2004 c. 12.
f5: Section 94(8) of the Finance Act 2007 amended section 205 of the Finance Act 2003 (c.11) so that the Commissioners for Her Majesty’s Revenue and Customs have the power to make the Regulations. The functions of the Commissioners of Inland Revenue under section 113(1) of the Taxes Management Act 1970, section 136 of the Finance Act 2002, and the sections of the Finance Act 2004 cited, were transferred to the Commissioners for Her Majesty’s Revenue and Customs by section 5(1) of the Commissioners for Revenue and Customs Act 2005 (c. 11). Section 50(1) of that Act provides that, in so far as is appropriate in consequence of section 5, a reference, howsoever expressed, to the Commissioners of Inland Revenue is to be taken as a reference to the Commissioners for Her Majesty’s Revenue and Customs.