LegalizeThe Finance Act 2010, Section 23 and Schedule 2 (High Income Excess Relief Charge) (Repeal) Order 2010
Made: 9th December 2010
Coming into force: 10th December 2010
The Treasury make the following Order in exercise of the power conferred by section 5 of the Finance (No. 2) Act 2010[^f00001]:
Citation and commencement
1
This Order may be cited as the Finance Act 2010, Section 23 and Schedule 2 (High Income Excess Relief Charge) (Repeal) Order 2010 and comes into force on the day after the day on which it is made.
Repeal of high income excess relief charge
2
Section 23 of, and Schedule 2 to, the Finance Act 2010[^f00002] (high income excess relief charge) are repealed.
Signed
Michael Fabricant — Angela Watkinson — Two of the Lords Commissioners of Her Majesty’s Treasury — 9th December 2010
Explanatory note
(This note is not part of the Order)
EXPLANATORY NOTE
This Order repeals section 23 of, and Schedule 2 to, the Finance Act 2010. Those provisions would have amended Part 4 of the Finance Act 2004 (c.10), with effect for the tax year 2011–2012 and subsequent tax years, to introduce a restriction of pension tax relief to the basic rate for high income individuals.
A full Impact Assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.
Footnotes
[^f00001]: 2010 c.31.
[^f00002]: 2010 c.13.
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