Statute Law Repeals - Law Commission - Ministry of Justice

10.83 Section 39 of, and Schedule 6 to, FA 1995 amended ICTA 1988 (and other tax
statutes) in connection with taxation of income from land under Schedule A.
Schedule 6 paragraph 27 (with section 162 and Schedule 29 Pt 8(1)) repealed,
with effect for the year 1995-96 onwards, certain words in section 779(13)(a) of
ICTA 1988 which applied to sale and leaseback transactions. Schedule 6
paragraph 27 is now spent and may itself be repealed.
10.84 Section 74 of, and Schedule 17 to, FA 1995 dealt with the liability to tax of
settlors for the year 1995-96 and subsequent years of assessment. Schedule 17
paragraphs 24 and 26 substituted statutory references in section 59(1)(c) of FA
1989 (relating to covenanted subscriptions to charities) and in section 25(12)(b)
of FA 1990 (relating to donations by individuals to charities), respectively.
10.85 Section 59 of FA 1989 was repealed by FA 2000, ss 41(7),(9), 156 and Sch 40 Pt
2(1) for covenanted payments made on or after 6 April 2000; and section
25(12)(b) of FA 1990 was repealed by FA 2000, ss 39(1),(7),(10), 156 and Sch
40 Pt 2(1) for gifts and payments from the same date. However, the amending
provisions in Schedule 17 paragraphs 24 and 26 remained on the statute book.
They may now be repealed as spent.
Finance Act 1996
10.86 Section 153 of, and Schedule 27 to, the Finance Act 1996 (c.8) (“FA 1996”) dealt
with foreign income dividends. The sole purpose of section 153 was to introduce
and make effective Schedule 27 (which made textual amendments to ICTA
1988). The whole of Schedule 27 - which comprised six paragraphs - was
repealed by F (No.2) A 1997, s 52 and Sch 8 Pt 2(6),(11). As a consequence
section 153 became redundant and can now be repealed.
10.87 Section 156 of, and Schedule 29 to, FA 1996 amended the rules relating to
paying and collecting agents (and, in particular, provisions in ICTA 1988). Section
156 simply gave effect to the Schedule 29 provisions. Schedule 29 was
subsequently repealed by FA 2000, s 156 and Sch 40 Pt 2(17) for relevant
payments or receipts with a chargeable date on or after 1 April 2001. The
activating section 156 was not repealed, although it is now spent. It can be
repealed.
10.88 Schedule 6 to FA 1996 (with section 73(4)) dealt with taxation of income from
savings. Schedule 6 paragraph 11 amended section 468L of ICTA 1988, which
provision concerned interest distributions of authorised unit trusts and had been
inserted by FA 1994. Section 468L was later repealed by F (No. 2) A 2005, ss
17(1)(a), 70 and Sch 11 Pt 2(3), effective from (by appointed day order) 36 2006-
07 onwards. The amending Schedule 6 paragraph 11 remained in being. It can
now be repealed as superseded.
10.89 Schedule 7 to FA 1996 (with section 79) abolished the charge to tax under
Schedule C for 1996-97 onwards, and transferred the liability to charge to
Schedule D. Schedule 7 paragraph 20 amended section 512 of ICTA 1988 which
exempted the UK Atomic Energy Authority and the National Radiological
Protection Board from tax liability.
36 SI 2006 No 982 (C.29).
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