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The Individual Savings Account (Amendment) Regulations 2019

S.I. 2019/382 · Made 26 February 2019

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 26th February 2019

Laid before the House of Commons 28th February 2019

Coming into force 6th April 2019

The Treasury, in exercise of the powers conferred by section 151(1) and (2) of the Taxation of Chargeable Gains Act 1992f1 and section 694(1) and (3) of the Income Tax (Trading and Other Income) Act 2005f2, makes the following Regulations.

Annotations to the whole text

Footnotes

f1

1992 c. 12. Section 151(2) was amended by paragraph 436 of Schedule 1 to the Income Tax (Trading and other Income) Act 2005 (c. 5), section 40(6) of the Finance Act 2011 (c. 11) and section 27(2) of the Finance Act 2016 (c. 24).

f2

2005 c. 5.

Contents

  1. 1Citation and commencement
  2. 2Amendment of the Individual Savings Account Regulations 1998
  3. 3Amendment of the Individual Savings Account Regulations 1998
  4. Signature
  5. Explanatory note

1Citation and commencement

These Regulations may be cited as the Individual Savings Account (Amendment) Regulations 2019 and come into force on 6th April 2019.

2Amendment of the Individual Savings Account Regulations 1998

The Individual Savings Account Regulations 1998f1 are amended as follows.

3Amendment of the Individual Savings Account Regulations 1998

In regulation 4ZB(1) (subscriptions to a junior ISA account) for “£4,260” substitute “£4,368”.

Signature

Mike Freer

Craig Whittaker

Two of the Lord Commissioners of Her Majesty’s Treasury

26th February 2019

Explanatory note

(This note is not part of the Regulations)

These Regulations amend the Individual Savings Account Regulation 1998 (S.I. 1998/1870). They provide for the annual limit on subscriptions to a junior ISA account to be increased from £4,260 to £4,368 (regulation 3).

A Tax Information and Impact Note will be published on the HM Government website at https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins.