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United Kingdom Statutory Instruments |
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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Finance Act 2010, Section 23 and Schedule 2 (High Income Excess Relief Charge) (Repeal) Order 2010 No. 2938 URL: http://www.bailii.org/uk/legis/num_reg/2010/uksi_20102938_en_1.html |
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Statutory Instruments
Income Tax
Made
9th December 2010
Coming into force
10th December 2010
The Treasury make the following Order in exercise of the power conferred by section 5 of the Finance (No. 2) Act 2010(1):
1. This Order may be cited as the Finance Act 2010, Section 23 and Schedule 2 (High Income Excess Relief Charge) (Repeal) Order 2010 and comes into force on the day after the day on which it is made.
2. Section 23 of, and Schedule 2 to, the Finance Act 2010(2) (high income excess relief charge) are repealed.
Michael Fabricant
Angela Watkinson
Two of the Lords Commissioners of Her Majesty-�s Treasury
9th December 2010
(This note is not part of the Order)
This Order repeals section 23 of, and Schedule 2 to, the Finance Act 2010. Those provisions would have amended Part 4 of the Finance Act 2004 (c.10), with effect for the tax year 2011-�2012 and subsequent tax years, to introduce a restriction of pension tax relief to the basic rate for high income individuals.
A full Impact Assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.
