Section 199 | Interpretation and commencement of Chapter III.

(1)In this Chapter “the Management Act” means the Taxes Management Act 1970.

(2)Unless the contrary intention appears, this Chapter—

(a)so far as it relates to income tax and capital gains tax, has effect as respects the year 1996-97 and subsequent years of assessment, and

(b)so far as it relates to corporation tax, has effect as respects accounting periods ending on or after the appointed day.

(3)For the purposes of this Chapter the appointed day is such day, not earlier than 1st April 1996, as the Treasury may by order appoint.