Section 898R Commencement (Chapter 3A)

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Amendments

Section 898R inserted by Finance Act 2004 section 90 and Schedule 4.

(1) This Chapter, other than sections 898H, 898I, 898J, 898L, 898M and [898O]¹, is deemed to have applied as on and from 1 January 2004.

Amendments

1 Substituted by Finance Act 2005 section 144(1)(i)(i) as on and from 25 March 2005.

When did the new savings regime (the EU Savings Directive) come into effect?

(1) In general, the new Savings Regime took effect from 1 January 2004.

(2) Section 898O shall apply as respects an act or omission which takes place or begins on or after the date of the passing of the Finance Act 2005.

Amendments

Subs (2) substituted by Finance Act 2005 section 144(i)(ii) as on and from 25 March 2005.

From when did the disapplication of the EU savings Directive apply?

(2) The disapplication of the Savings Directive (section 898P) applies to acts or omissions on or after 25 March 2005.

(3) The provisions of sections 898H, 898I, 898J, 898L and 898M shall come into operation on such day, being a day not earlier than [1 July 2005]¹, as the Minister for Finance may specify by order.

Amendments

1 Substituted by Finance Act 2005 section 144(1)(i)(iii) as on and from 25 March 2005.

When did the interest and returns sections of the EU Savings Directive come into operation?

(3) The Savings Directive (i.e., the interest and return sections) did not generally come into operation before 1 July 2005.