Section 38 | Commencement of Chapter III and transitional provisions.

(1)The preceding provisions of this Chapter shall have effect for the year 1973-74 and subsequent years of assessment; and accordingly the amendments and repeals made by those provisions (including those mentioned in section 37 of this Act) shall not be taken to affect tax for an earlier year of assessment or the doing of anything in relation to tax for such a year.

(2)The transitional provisions contained in Schedule 7 to this Act shall have effect.