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The Finance Act 2003, Section 195 and Schedule 40 (Appointed Day) Order 2003

S.I. 2003/3077 · Made 28 November 2003

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TAXES

Made 28th November 2003

The Treasury, in exercise of the powers conferred upon them by section 195(12) of the Finance Act 2003f1, hereby make the following Order:

Annotations to the whole text

Footnotes

f1

2003 c. 14.

Contents

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

1Citation

This Order may be cited as the Finance Act 2003, Section 195 and Schedule 40 (Appointed Day) Order 2003.

2Appointed Day

The day appointed for the purposes of section 195 of, and Schedule 40 to, the Finance Act 2003 (companies acquiring their own shares) is 1st December 2003.

Signature

Joan Ryan

John Heppell

Two of the Lords Commissioners of Her Majesty’s Treasury

28th November 2003

Explanatory note

(This note is not part of the Order)

Section 195 of, and Schedule 40 to, the Finance Act 2003 (c. 14) make provision for the purposes of the Taxes Acts and the Inheritance Act 1984 (c. 51) where a company acquires any of its own shares.

This Order provides that these provisions have effect in relation to any acquisition of shares by a company on or after 1st December 2003.