(1)This Act comes into force on 6th April 2005 and has effect—
(a)for income tax purposes, for the tax year 2005-06 and subsequent tax years, and
(b)for corporation tax purposes, for accounting periods ending after 5th April 2005.
(2)Subsection (1) is subject to subsections (3) to (5) (including Schedule 2).
(3)Subsection (1) does not apply to the following provisions of this Act (which therefore come into force on the passing of this Act)—
(a)section 873 (orders and regulations made by Treasury or [F1Commissioners]),
(b)sections 875 to 881 (certain interpretation and general provisions),
(c)section 882(2) to (5) (power to make consequential amendments),
(d)this section other than subsection (4) below,
(e)section 885 and Schedule 4 (abbreviations and general index),
(f)section 886 (short title), and
(g)paragraphs 78 and 148(5) of Schedule 2 (powers relating to open-ended investment companies and periodical payments of personal injury damages etc.) and subsection (4) below so far as it applies for the purposes of those provisions.
(4)Schedule 2 (which contains transitional provisions and savings etc.) has effect.
(5)The Treasury may by order make such transitional or saving provision as the Treasury consider appropriate in connection with the coming into force of this Act.
Textual Amendments
F1Word in s. 883(3) substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), ss. 50, 53(1), Sch. 4 para. 132(3)(i); S.I. 2005/1126, art. 2(2)(h)
Commencement Information
I1S. 883 wholly in force at 6.4.2005; s. 883(1)-(3)(5) in force at Royal Assent and s. 883(4) in force for certain purposes at Royal Assent and s. 883(4) in force at 6.4.2005 in so far as not already in force see s. 883