LegalizeThe Finance Act 2011, Section 49(6) (Appointed Day) Order 2011
Made: 12th December 2011
The Treasury make the following Order in exercise of the power conferred by section 49(6) of the Finance Act 2011[^f00001]:
Citation
1
This Order may be cited as the Finance Act 2011, Section 49(6) (Appointed Day) Order 2011.
Appointed day
2
1st January 2012 is the day appointed for the purposes of section 49(6) of the Finance Act 2011[^f00002].
Signed
Angela Watkinson — James Duddridge — Two of the Lords Commissioners of Her Majesty’s Treasury — 12th December 2011
Explanatory note
(This note is not part of the Order)
EXPLANATORY NOTE
Section 49(6) of the Finance Act 2011 provides that sections 1158 (meaning of “investment trust”) and 1159 (approval) of the Corporation Tax Act 2010 have effect in relation to accounting periods beginning on or after the appointed day. This Order appoints 1st January 2012 as the day in question.
A Tax Information and Impact Notice has not been prepared for this instrument as it gives effect to previously announced policy and is an appointed day Order.
Footnotes
[^f00001]: 2011 c. 11.
[^f00002]: Section 49(2) and (3) of the Finance Act 2011 substitute new sections 1158 and 1159 of the Corporation Tax Act 2010 (c. 4).
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