Finance Act 2021

PART 4 Commencement etc

Commencement

33 The amendments made by paragraphs 13, 16, 17, 20 and 21 have effect in relation to accounting periods beginning on or after 1 April 2023.

34 (1) The other amendments made by this Schedule have effect for the financial year 2023 and subsequent financial years.

(2) In the case of an accounting period (a “straddling period”) beginning before 1 April 2023 and ending on or after date, those other amendments have effect as if the different parts of the straddling period falling in the different financial years were separate accounting periods.

(3) For this purpose all necessary apportionments are to be made between the two separate accounting periods.

Power to make further consequential amendments

35 (1) The Treasury may by regulations make such provision as they consider appropriate in consequence of the provision made by this Schedule.

(2) The regulations—

(a) may amend any provision of the Corporation Tax Acts or any other enactment, and

(b) may contain incidental, supplemental, consequential or transitional provision.