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Statutory Instruments

2000 No. 1087

INCOME TAX

The Retirement Benefits Schemes (Restriction on Discretion to Approve) (Excepted Provisions) Regulations 2000

Made

14th April 2000

Laid before the House of Commons

19th April 2000

Coming into force

10th May 2000

The Commissioners of Inland Revenue, in exercise of the powers conferred on them by section 591A(2) of the Income and Corporation Taxes Act 1988( 1 ), hereby make the following Regulations:

Citation and commencement

1. These Regulations may be cited as the Retirement Benefits Schemes (Restriction on Discretion to Approve) (Excepted Provisions) Regulations 2000 and shall come into force on 10th May 2000 immediately after the coming into force of the 2000 Regulations and the second 2000 Regulations.

Interpretation

2. In these Regulations—

“the 1991 Regulations” means the Retirement Benefits Schemes (Restriction on Discretion to Approve) (Small Self-administered Schemes) Regulations 1991( 2 );

“the 1993 Regulations” means the Retirement Benefits Schemes (Restriction on Discretion to Approve) (Additional Voluntary Contributions) Regulations 1993( 3 );

“the 2000 Regulations” means the Retirement Benefits Schemes (Restriction on Discretion to Approve) (Small Self-administered Scheems) (Amendment) Regulations 2000( 4 );

“the second 2000 Regulations” means the Retirement Benefits Schemes (Restriction on Discretion to Approve) (Additional Voluntary Contributions) (Amendment) Regulations 2000( 5 )

Description of provisions

3. regulations 4 and 5 specify descriptions of provisions for the purposes of subsection (2) of section 591A of the Income and Corporation Taxes Act 1988, each provision so specified being a provision of a required descriptionw ithin the meaning of subsection (5)9b) of tht section.

4. The description of provision specified in this regulation consists of the provisions specified in regulations 4 to 9 of the 1991 Regulations, read together with paragraph (1) of regulation 2 of the 1991 Regulations as that paragraph is amended by regulation 2 of the 2000 Regulations.

5. The description of provision specified in this regulation consists of—

(a) the provisions specified in regulation 5 of the 1993 Regulations as amended by regulation 3 of the second 2000 Regulations; and

(b) the provisions specified in regulations 4 and 5 of the 1993 Regulations, readd together with regulation 6 of the 1993 Regulations as that regulation is amended by regulation 4 of the second 2000 Regulations.

Nick Montagu

Tim Flesher

Two of the Commissioners of Inland Revenue

14th April 2000

( 1 )

1988 c. 1 . Section 591A was inserted by section 35 of the Finance Act 1991 (c. 31) .

( 2 )

S.I. 1991/1614 , amended by S.I. 1998/728 and S.I. 1998/1315 .

( 3 )

S.I. 1993/3016 .

( 4 )

S.I. 2000/1086 .

( 5 )

S.I. 2000/1088 .

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Retirement Benefits Schemes (Restriction on Discretion to Approve) (Excepted Provisions) Regulations 2000 (2000/1087)

Displaying information

Status of this instrument

footnotecommentarytransitional and savingsin force statusrelated provisionsgeo extentinsert/omitsource countin force adj
Defined TermSection/ArticleIDScope of Application
the 1991 Regulationsreg. 2.the_1991_R_rtorwfs
the 1993 Regulationsreg. 2.the_1993_R_rtvm3Kl
the 2000 Regulationsreg. 2.the_2000_R_rtRx2Ht
the second 2000 Regulationsreg. 2.the_second_rtdtySu

Status of changes to instrument text

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