2011 No. 2977 (C. 107)

Corporation Tax

The Finance Act 2011, Section 49(6) (Appointed Day) Order 2011

Made

The Treasury make the following Order in exercise of the power conferred by section 49(6) of the Finance Act 20111:

Citation1

This Order may be cited as the Finance Act 2011, Section 49(6) (Appointed Day) Order 2011.

Appointed day2

1st January 2012 is the day appointed for the purposes of section 49(6) of the Finance Act 20112.

Angela WatkinsonJames DuddridgeTwo of the Lords Commissioners of Her Majesty’s Treasury
EXPLANATORY NOTE

(This note is not part of the Order)

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.