HC Deb 05 December 1995 vol 268 c263

Resolved,

That section 347A of the Income and Corporation Taxes Act 1988 shall apply to any payment made on or after 6th April 1996—

  1. (a) in pursuance of any obligation which falls within section 36(4)(a) of the Finance Act 1988, and
  2. (b) for the benefit, maintenance or education of a person (whether or not the person to whom the payment is made) who attained the age of 21 before 6th April 1994,

as if that obligation were not an existing obligation within the definition contained in section 36(4) of the Finance Act 1988.

And it is hereby 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.