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12. Qualifying time deposits

Volume 542: debated on Monday 26 March 2012

Resolved,

That—

(1) In section 866 of the Income Tax Act 2007 (qualifying time deposits), in subsection (1), after “deposit” there is inserted “made before 6 April 2012”.

(2) The amendment made by this Resolution comes into force on 6 April 2012.

And it is declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.