Commencement and transitional provision

– in the House of Commons am 9:47 pm ar 27 Tachwedd 2023.

Danfonwch hysbysiad imi am ddadleuon fel hyn

(18) The amendments made by this resolution have effect in relation to —

(a) agreements to transfer chargeable securities made on or after 1 January 2024;

(b) the transfer or issue of chargeable securities on or after that day.

(19) Paragraph (20) applies in relation to UK bearer instruments within the meaning of section 99(1A) of the Finance Act 1986 issued before 1 January 2024.

(20) The amendments made by paragraph (2)(a) and (b) are to be disregarded.

(21) Paragraph (22) applies for the purposes of section 95A of the Finance Act 1986 (depositary receipts: exception for replacement securities) where the securities mentioned in subsection (3)(a) of that section were issued before 1 January 2024.

(22) The amendments made by paragraphs (3), (4) and (7) are to be disregarded.

(23) Paragraph (24) applies for the purposes of section 97ZA of the Finance Act 1986 (clearance services: exception for replacement securities) where the securities mentioned in subsection (3)(a) of that section were issued before 1 January 2024.

(24) The amendments made by paragraphs (8), (9), (11) and (12) are to be disregarded.

And it is declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.