Finance Act 2021

Interpretation

6 (1) In regulation 3 (interpretation of Part 2), at the appropriate places insert—

• ““domestic steel safeguarding measure” means an additional rate of duty payable as a result of the steel safeguards notice (and goods are subject to that measure if that additional rate is payable in respect of the goods);”;

• ““EU steel safeguarding measure” means an additional rate of duty payable as a result of Article 1 of the EU steel regulation (and goods are subject to that measure if that additional rate is payable in respect of the goods);”;

• ““EU steel regulation” means Commission Implementing Regulation (EU) 2019/159 as it may be amended, or replaced, from time to time;”;

• ““steel notice” means the notice on movements of steel into Northern Ireland published by HMRC on 3 March 2021;”;

• ““steel safeguards notice” means Taxation Notice 2020/06: safeguard measures on certain steel products – application of tariff rate quotas published on 30 September 2020 by the Secretary of State, as that notice may be amended, or replaced, from time to time;”.

(2) The amendments made by this paragraph—

(a) are treated as having come into force on IP completion day, and

(b) have effect as if made under sections 30B and 40B of TCTA 2018 (and may be amended or revoked accordingly).