Statutory Instruments
2012 No. 1258
Income Tax
The Finance Act 2004, Section 180(5) (Modification) Regulations 2012
Made
10th May 2012
Laid before the House of Commons
11th May 2012
Coming into force
1st June 2012
The Treasury, in exercise of the power conferred by section 70 of the Finance Act 2011( 1 ), make the following Regulations:
Citation, commencement and effect
1. —(1) These Regulations may be cited as the Finance Act 2004, Section 180(5) (Modification) Regulations 2012 and come into force on 1st June 2012.
(2) Regulation 2 has effect in relation to any payments made on or after 6th April 2012.
Disregard of section 180(5)(b) of the Finance Act 2004
2. In its application to a pension scheme established under section 67 of the Pensions Act 2008( 2 ) (duty on Secretary of State to establish a pension scheme), section 180 of the Finance Act 2004( 3 ) (scheme administration employer payments) has effect as if subsection (5)(b) were omitted.
Michael Fabricant
James Duddridge
Two of the Lords Commissioners of Her Majesty’s Treasury
10th May 2012
2004 c. 12 . Section 180 was amended by paragraph 12 of Schedule 23 to the Finance Act 2006 (c. 25) .