1034CommencementU.K.
(1)This Act comes into force on 6 April 2007 and has effect—
(a)for income tax purposes, for the tax year 2007-08 and subsequent tax years, and
(b)for corporation tax purposes, for accounting periods ending after 5 April 2007.
(2)Subsection (1) is subject to subsections (3) and (4).
(3)The following—
(a)Part 5 (enterprise investment scheme),
(b)Part 3 of Schedule 1 (consequential amendment associated with Part 5), and
(c)Part 2 of Schedule 3 (repeals so associated),
do not have effect in relation to shares issued before 6 April 2007.
This is subject to Schedule 2 (transitional provisions and savings).
(4)Subsection (1) does not apply to the following provisions of this Act (which therefore come into force on the day on which this Act is passed)—
(a)in Part 15, section 852, and
(b)in this Part, sections 1017, 1018, 1028, 1029, 1030(2) to (4) and 1033, this section and section 1035.