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STATUTORY INSTRUMENTS

2007 No. 940

INCOME TAX

CORPORATION TAX

The Income Tax Act 2007 (Amendment) Order 2007

  Made 21st March 2007 
  Laid before the House of Commons 21st March 2007 
  Coming into force 6th April 2007 

The Treasury make the following Order in exercise of the powers conferred on them by section 1029 of the Income Tax Act 2007[1].

Citation, commencement and effect
     1. —(1) This Order may be cited as the Income Tax Act 2007 (Amendment) Order 2007 and shall come into force on 6th April 2007.

    (2) This Order has effect—

Amendments to Schedule 2 to the Income Tax Act 2007
     2. —(1) Schedule 2 to the Income Tax Act 2007 (transitionals and savings) is amended as follows.

    (2) In paragraph 38 (qualifying trading companies)—

    (3) In paragraph 46 (the unquoted status requirement), in sub-paragraphs (2)(a) and (3)(a), omit "on or".


Frank Roy

Alan Campbell
Two of the Lords Commissioners of Her Majesty's Treasury

21st March 2007


EXPLANATORY NOTE

(This note is not part of the Order)


This Order exercises the powers conferred by section 1029 of the Income Tax Act 2007 (c. 3) to correct a number of minor errors in Schedule 2 to that Act.

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

Notes:

 [1] 2007 c.3back


ISBN 978 0 11 076496 2


 © Crown copyright 2007

Prepared 22 March 2007

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URL: http://www.bailii.org/uk/legis/num_reg/2007/20070940.html