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Legislation
Income Tax (Trading and Other Income) Act 2005

Chapter 4 SAYE interest

  • Section 702 Interest under certified SAYE savings arrangements
  • Section 703 Meaning of “certified SAYE savings arrangement”
  • Section 704 Types of arrangements and providers
  • Section 705 Certification of arrangements
  • Section 706 Withdrawal and variation of certifications and connected requirements
  • Section 707 Authorisation of providers
  • Section 708 Withdrawal and variation of authorisations
  1. Chapter 4 · SAYE interest
  2. Withdrawal and variation of certifications and connected requirements

Section 706 | Withdrawal and variation of certifications and connected requirements

From legislation.gov.uk

(1)The Commissioners may—

(a)withdraw the requirements specified under section 705(1)(b) for any description of arrangements and any certification made by reference to those requirements, or

(b)vary those requirements and withdraw any certification made by reference to them.

(2)The withdrawal, or variation and withdrawal, is only effective if the Commissioners —

(a)specify the date on which it is to take effect, and

(b)give notice of it ... at least 15 days before that date to the provider authorised under section 707 to enter into contracts under the arrangement concerned.

(3)The withdrawal, or variation and withdrawal, does not affect

(a)the operation of the arrangement concerned before that date,

(b)contracts made under that arrangement before that date, or

(c)where the notice so provides, contracts which are of a description specified in the notice and are made under that arrangement after that date.

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