The Finance Act 2006 (Climate Change Levy: Amendments and Transitional Savings in Consequence of Abolition of Half-rate Supplies) (Appointed Day) Order 2007

EXPLANATORY NOTE

(This note is not part of the Order)

Article 2(1) of this Order appoints 1st November 2007 as the day on which sections 172(8) to 172(15) of the Finance Act 2006 come into force.

Those sections amend the Finance Act 2000 Schedule 6 in relation to climate change levy’s half-rate supplies which were abolished as of 1st April 2006(1).

Article 2(2) preserves the existing rules in relation to half-rate supplies made before then.

Article 2(4) confirms that regulations(2) made before 1st November 2007 specifically in relation to such supplies are unaffected by this Order.

A full impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.

(1)

Finance Act 2006 (c. 25) section 172(1).