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The Finance Act 2004, Section 53 (Commencement) Order 2004

S.I. 2004/3268 · Made 9 December 2004

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.

TAXES

Made 9th December 2004

The Treasury, in exercise of the powers conferred upon them by section 53(6) of the Finance Act 2004f1, make the following Order:

Annotations to the whole text

Footnotes

f1

2004 c. 12.

Contents

  1. 1Citation
  2. 2Coming into force of section 53 of the Finance Act 2004
  3. Signature
  4. Explanatory note

1Citation

This Order may be cited as the Finance Act 2004, Section 53 (Commencement) Order 2004.

2Coming into force of section 53 of the Finance Act 2004

Section 53 of the Finance Act 2004 (treatment of expenditure on research and development) shall come into force on 1st January 2005 and shall have effect in relation to accounting periods beginning on or after that day.

Signature

Derek Twigg

Jim Murphy

Two of the Lords Commissioners of Her Majesty’s Treasury

9th December 2004

Explanatory note

(This note is not part of the Order)

Article 1 provides for the citation of the Order.

Article 2 appoints 1st January 2005 as the day on which section 53 of the Finance Act 2004 comes into force and further provides that the section shall have effect in relation to accounting periods beginning on or after that day.

The Order does not impose new costs on business.