Statutory Instruments
2007 No. 838
INCOME TAX
The Registered Pension Schemes (Block Transfers) (Permitted Membership Period) (Amendment) Regulations 2007
Made
14th March 2007
Laid before the House of Commons
15th March 2007
Coming into force
6th April 2007
Citation and commencement
1. These Regulations may be cited as the Registered Pension Schemes (Block Transfers) (Permitted Membership Period) (Amendment) Regulations 2007 and shall come into force on 6th April 2007.
Amendments to the Registered Pension Schemes (Block Transfers) (Permitted Membership Period) Regulations 2006
2. —(1)Regulation 2 of the Registered Pension Schemes (Block Transfers) (Permitted Membership Period) Regulations 2006( 3 ) is amended as follows.
(2) In paragraph (1) at the end insert “(“the prescribed period”)”.
(3) For paragraph (2) substitute—
“ (2) But in calculating the prescribed period, any period preceding the period of twelve months ending with the date on which the transfer is made is ignored if conditions A and B are met. ” .
Mike Hanson
Mike Eland
Two of the Commissioners for Her Majesty’s Revenue and Customs
14th March 2007
2004 c. 12 . Paragraph 22(6)(b) of Schedule 36 was substituted by paragraph 55(4) of Schedule 10 to the Finance Act 2005 (c. 7) .
The functions of the Commissioners of Inland Revenue were transferred to the Commissioners for Her Majesty’s Revenue and Customs by section 5(2) of the Commissioners for Revenue and Customs Act 2005 (c. 11) . Section 50 of that Act provides that in so far as it is appropriate in consequence of section 5 a reference, however expressed, to the Commissioners of Inland Revenue is to be read as a reference to the Commissioners for Her Majesty’s Revenue and Customs.