»Ê¹ÚÌåÓýapp

FA09/SCH 17/Paras 13 & 14

FA09/SCH 17/Para 13 specifies that the schedule has effect in relation to events taking place and transactions carried out on or after 1 July 2009.

SCH 17/Para 14 contains two transitional provisions. »Ê¹ÚÌåÓýapp first provides that any reports in respect of events or transactions occurring before 1 October 2009 should be reported by 1 April 2010. This is intended to allow companies a period of time beyond the ordinary time limit (see INTM700300) in which to establish internal procedures to monitor reportable transactions and events.

»Ê¹ÚÌåÓýapp second specifies that regulations made under the Schedule may come in to force on or after 1 July 2009 so long as they are made within one year of the Finance Act being passed.

»Ê¹ÚÌåÓýapp transitional arrangements covering the repeal of the Treasury Consent rules are described at INTM700200.