3.—(1) Schedule 1, which contains amendments to TCGA 1992, ICTA, FA 1996, FA 2002, CAA 2001 relating to cross-border transfers of business, has effect in relation to transfers which take place on or after 1st January 2007.
(2) Schedule 2, which contains amendments to TCGA 1992, ICTA, FA 1988, FA 1996, FA 2002 and CAA 2001 relating to cross-border mergers, has effect but subject as follows—
(a)paragraphs 1 to 14 have effect—
(i)in relation to mergers relating to the formation of an SE or SCE which take place on or after 18th August 2006, and
(ii)in relation to all other mergers which take place on or after 1st January 2007;
(b)paragraph 15 has effect in relation to transfers of a registered office which take effect on or after 18th August 2006.
(3) Schedule 3, which contains amendments to TCGA 1992, FA 1996 and FA 2002 relating to mergers and treatment of transparent entities, has effect—
(a)in relation to mergers relating to the formation of an SE or SCE which take place on or after 18th August 2006, and
(b)in relation to all other mergers which take place on or after 1st January 2007.
Modifications etc. (not altering text)
C1Reg. 3(1)(3) modified (retrospective to 29.11.2007) by The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579), regs. 1(2), 4