. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1S. 881 repealed (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 644, Sch. 3 Pt. 1 (with Sch. 2 Pts. 1, 2)
(1)Schedule 1 (which contains consequential amendments) has effect.
(2)The Treasury may by order make such modifications of any enactment or provision made under an enactment as the Treasury consider appropriate in consequence of this Act.
(3)In subsection (2) “modifications” includes amendments or repeals.
(4)An order under subsection (2)—
(a)must not change the effect of the law as it was immediately before 6th April 2005, and
(b)may include such transitional or saving provision as the Treasury consider appropriate.
(5)Subsection (4)(a) does not apply so far as an order contains provision made in consequence of a change already made by this Act in the effect of the law.
Commencement Information
I1S. 882 wholly in force at 6.4.2005; s. 882(2)-(5) in force at Royal Assent and s. 882(1) in force at 6.4.2005 see s. 883
(1)This Act comes into force on 6th April 2005 and has effect—
(a)for income tax purposes, for the tax year 2005-06 and subsequent tax years, and
(b)for corporation tax purposes, for accounting periods ending after 5th April 2005.
(2)Subsection (1) is subject to subsections (3) to (5) (including Schedule 2).
(3)Subsection (1) does not apply to the following provisions of this Act (which therefore come into force on the passing of this Act)—
(a)section 873 (orders and regulations made by Treasury or [F2Commissioners]),
(b)sections 875 to 881 (certain interpretation and general provisions),
(c)section 882(2) to (5) (power to make consequential amendments),
(d)this section other than subsection (4) below,
(e)section 885 and Schedule 4 (abbreviations and general index),
(f)section 886 (short title), and
(g)paragraphs 78 and 148(5) of Schedule 2 (powers relating to open-ended investment companies and periodical payments of personal injury damages etc.) and subsection (4) below so far as it applies for the purposes of those provisions.
(4)Schedule 2 (which contains transitional provisions and savings etc.) has effect.
(5)The Treasury may by order make such transitional or saving provision as the Treasury consider appropriate in connection with the coming into force of this Act.
Textual Amendments
F2Word in s. 883(3) substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), ss. 50, 53(1), Sch. 4 para. 132(3)(i); S.I. 2005/1126, art. 2(2)(h)
Commencement Information
I2S. 883 wholly in force at 6.4.2005; s. 883(1)-(3)(5) in force at Royal Assent and s. 883(4) in force for certain purposes at Royal Assent and s. 883(4) in force at 6.4.2005 in so far as not already in force see s. 883
Schedule 3 (which contains repeals and revocations of enactments including certain spent enactments) has effect.
(1)Schedule 4 (which contains abbreviations and defined expressions that apply for the purposes of this Act) has effect.
(2)Part 1 of that Schedule gives the meaning of the abbreviated references to Acts used in this Act.
(3)Part 2 of that Schedule lists the places where expressions used in this Act are defined or otherwise explained—
(a)in this Act for the purposes of this Act or for purposes including this Act,
(b)in this Act for the purposes of a Part or Chapter of this Act, or
(c)in [F3another Act] for the purposes of this Act.
Textual Amendments
F3Words in s. 885(3)(c) substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 587 (with transitional provisions and savings in Sch. 2)
This Act may be cited as the Income Tax (Trading and Other Income) Act 2005.