9(1)Subject to sub-paragraph (2) below, this Schedule has effect—
(a)for the purposes of income tax, in relation to the year 1997-98 and subsequent years of assessment; and
(b)for the purposes of corporation tax, in relation to accounting periods ending on or after 1st April 1997.
(2)Paragraph 7 above has effect for any year of assessment or accounting period ending on or after 26th November 1996, but only in relation to expenditure incurred on or after that date and sums paid or received on or after that date.