The Finance Act 1991, section 58, (Commencement No. 3) Regulations 1993

• Citation: S.I. 1993/933
• Sections: 4

Section 1

These Regulations may be cited as the Finance Act 1991, section 58, (Commencement No. 3) Regulations 1993 and shall come into force on 21st April 1993.

Section 2

The day specified by these Regulations as the day on which the provisions of section 58 of the Finance Act 1991 referred to in regulation 3 shall have effect in relation to payments made on or after that day for the purposes referred to in paragraph (1) of regulation 4 is 22nd April 1993.

Section 3

The provisions referred to in this regulation are—

(a) the insertion by subsection (1) of that section of section 736A of the Income and Corporation Taxes Act 1988 after section 736 of that Act,

(b) the insertion by subsection (2) of that section and paragraph 1 of Schedule 13 to the Finance Act 1991 of Schedule 23A to the Income and Corporation Taxes Act 1988 after Schedule 23 to that Act, and

(c) the amendments made by subsection (2) of that section and paragraph 3 of Schedule 13 to the Finance Act 1991 to section 737 of the Income and Corporation Taxes Act 1988.

Section 4

(1) The purposes referred to in this paragraph are the application of—

(a) the said section 736A,

(b) the said Schedule 23A, and

(c) the said section 737 as so amended,

to payments of amounts representative of overseas dividends on overseas securities.

(2) In paragraph (1) above “overseas dividends” and “overseas securities” have the meanings given by paragraph 1(1) of the said Schedule 23A.