Taxes Consolidation Act 1997 Schedule 12B paragraph 1

Certified contractual savings schemes

Paragraph 1 is the application provision for Schedule 12B, confirming that the Schedule has effect for the purposes of section 519C, which concerns interests under contractual savings schemes.

• Schedule 12B operates solely to give effect to section 519C.
• Section 519C deals with interests under certified contractual savings schemes.
• The Schedule sets out the detailed certification requirements for such schemes.
• The provision derives from Finance Act 1999 section 68(b).