2005 No. 3337 (C.142)

INCOME TAX
CORPORATION TAX

The Finance (No. 2) Act 2005, Section 45, (Appointed Day) Order 2005

Made

The Treasury, in exercise of the powers conferred upon them by section 45(9) of the Finance (No. 2) Act 20051, make the following Order:

Citation1

This Order may be cited as the Finance (No. 2) Act 2005, Section 45, (Appointed Day) Order 2005.

Appointed Day for Corporation Tax purposes2

The day appointed for the purposes of section 45(4) to (7) of the Finance (No. 2) Act 2005 is 1st January 2006.

Appointed Day for Income Tax purposes3

The day appointed for the purposes of section 45(1) to (3) of the Finance (No. 2) Act 2005 is 6th April 2006.

Vernon CoakerDave WattsTwo of the Lords Commissioners of Her Majesty’s Treasury

(This note is not part of the Order)

Schedule 19 to the Finance Act 1993 contains administrative machinery under which Lloyd’s managing agents make returns of syndicates' profits and losses for tax purposes, and for assessment and collection of tax. Section 45 of the Finance (No. 2) Act 2005 creates a power for the Commissioners for Her Majesty’s Revenue and Customs to make regulations replacing (and up-dating) Schedule 19 (which regulations are being made simultaneously with this Order) and repeals Schedule 19, providing for section 45 to come into force as provided by Treasury Order.