2000 No. 809
INCOME TAX

The Individual Savings Account (Amendment) Regulations 2000

Made
Laid before the House of Commons
Coming into force
The Treasury, in exercise of the powers conferred on them by section 333 of the Income and Corporation Taxes Act 19881, section 151 of the Taxation of Chargeable Gains Act 19922 and section 75 of the Finance Act 1998, hereby make the following Regulations:

1.

These Regulations may be cited as the Individual Savings Account (Amendment) Regulations 2000 and shall come into force on 6th April 2000.

2.

In regulation 4(2) and (3)(a) of the Individual Savings Account Regulations 19983 for “year 1999–00” in each place where it appears there shall be substituted the words “years 1999–00 and 2000–01 ”.
David Jamieson
Jim Dowd
Two of the Lords Commissioners of Her Majesty’s Treasury
(This note is not part of the Regulations)

These Regulations which come into force on 6th April 2000, amend the Individual Savings Account Regulations 1998 (S.I. 1998/1870, amended by S.I. 1998/3174, but not relevantly to these Regulations). They provide that the annual subscription limits for (i) “maxi-accounts” including the maximum which may be allocated out of that amount to a cash component, and (ii) “mini-accounts” made up of a cash component, are to remain the same in the year of assessment 2000–01 as they were in the year of assessment 1999–00.