- Statutory Instrument 2000 No. 2551
The Income Tax (Definition of Unit Trust Scheme) (Amendment) Regulations 2000
© Crown Copyright 2000
Statutory Instruments printed from this website are printed under the superintendence and authority of the Controller of HMSO being the Queen's Printer of Acts of Parliament.
The legislation contained on this web site is subject to Crown Copyright protection. It may be reproduced free of charge provided that it is reproduced accurately and that the source and copyright status of the material is made evident to users.
It should be noted that the right to reproduce the text of Statutory Instruments does not extend to the Queen's Printer imprints which should be removed from any copies of the Statutory Instrument which are issued or made available to the public. This includes reproduction of the Statutory Instrument on the Internet and on intranet sites. The Royal Arms may be reproduced only where they are an integral part of the original document.
The text of this Internet version of the Statutory Instrument which is published by the Queen's Printer of Acts of Parliament has been prepared to reflect the text as it was Made. A print version is also available and is published by The Stationery Office Limited as the The Income Tax (Definition of Unit Trust Scheme) (Amendment) Regulations 2000, ISBN 0 11 099960 6. The print version may be purchased by clicking here. Braille copies of this Statutory Instrument can also be purchased at the same price as the print edition by contacting TSO Customer Services on 0870 600 5522 or e-mail:customer.services@tso.co.uk.
Further information about the publication of legislation on this website can be found by referring to the Frequently Asked Questions.
To ensure fast access over slow connections, large documents have been segmented into "chunks". Where you see a "continue" button at the bottom of the page of text, this indicates that there is another chunk of text available.
| Made | 20th September 2000 | ||
| Laid before the House of Commons | 20th September 2000 | ||
| Coming into force | 11th October 2000 |
The Treasury, in exercise of the powers conferred on them by section 469(7) of the Income and Corporation Taxes Act 1988[1], hereby make the following Regulations:
1. These Regulations may be cited as the Income Tax (Definition of Unit Trust Scheme) (Amendment) Regulations 2000 and shall come into force on 11th October 2000.
2. - (1) Regulation 3 of the Income Tax (Definition of Unit Trust Scheme) Regulations 1988[2] is amended as follows.
(2) After paragraph (d) insert
-
"
or
-
(e) an employee share ownership plan approved under Schedule 8 to the Finance Act 2000[3],".
Greg Pope
Jim Dowd
Two of the Lords Commissioners of Her Majesty's Treasury
20th September 2000
(This note is not part of the Regulations)
These Regulations amend the Income Tax (Definition of Unit Trust Scheme) Regulations 1988 (S.I. 1988/267) so as to provide that an employee share ownership plan approved under Schedule 8 to the Finance Act 2000 (c. 17) is not a unit trust scheme for the purposes of section 469 of the Income and Corporation Taxes Act 1988 (c. 1) (tax treatment of unauthorised unit trusts).
Notes:
[1] 1988 c. 1.back
ISBN 0 11 099960 6