Part 6Other taxes

Aggregates levy

290Transitional tax credit in Northern Ireland: changes to existing scheme

1

In section 30A of the Finance Act 2001 (c. 9) (aggregates levy: transitional tax credit in Northern Ireland) after subsection (3) insert—

4

The Treasury may by order made by statutory instrument amend subsection (2) above so as to—

a

change the period in relation to which the amount of a tax credit is to be reduced;

b

change the amount by which a tax credit is to be reduced.

5

An order under subsection (4) above shall not be made unless a draft of the order has been laid before Parliament and approved by a resolution of the House of Commons.

2

This section shall be deemed to have come into force on 1st April 2004.