The Finance Act 2010, Section 23 and Schedule 2 (High Income Excess Relief Charge) (Repeal) Order 2010
S.I. 2010/2938 · Made 9 December 2010
Income Tax
Made 9th December 2010
Coming into force 10th December 2010
The Treasury make the following Order in exercise of the power conferred by section 5 of the Finance (No. 2) Act 2010f1:
Annotations to the whole text
Footnotes
- f1
Contents
1Citation and commencement
This Order may be cited as the Finance Act 2010, Section 23 and Schedule 2 (High Income Excess Relief Charge) (Repeal) Order 2010 and comes into force on the day after the day on which it is made.
2Repeal of high income excess relief charge
Section 23 of, and Schedule 2 to, the Finance Act 2010f1 (high income excess relief charge) are repealed.
Signature
Michael Fabricant
Angela Watkinson
Two of the Lords Commissioners of Her Majesty’s Treasury
9th December 2010
Explanatory note
(This note is not part of the Order)
This Order repeals section 23 of, and Schedule 2 to, the Finance Act 2010. Those provisions would have amended Part 4 of the Finance Act 2004 (c.10), with effect for the tax year 2011–2012 and subsequent tax years, to introduce a restriction of pension tax relief to the basic rate for high income individuals.
A full Impact Assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.