5.—(1) Subject to paragraphs (2) and (3) below, none of the provisions brought into force by this Order shall have effect in relation to the business of any financial year ending with or before 31st March 2001.
(2) Paragraph (1) above does not apply to section 4 of the Act.
(3) Paragraphs 19 and 23 of Schedule 1 to the Act shall have effect in relation to accounts prepared in respect of the financial year ending with 31st March 2001.