HC Deb 07 July 1997 vol 297 cc737-8

Resolved,

That—

(1) In paragraph 1(1) of Schedule 19AB to the Income and Corporation Taxes Act 1988—

  1. (a) the words "the aggregate of" shall cease to have effect; and
  2. (b) paragraph (b) shall cease to have effect.

(2) For the purposes of section 121 of the Finance Act 1993, Schedule 19AB to the Income and Corporation Taxes Act 1988 shall be deemed to have effect without the amendments made by paragraph (1) above.

(3) Paragraph (1) above has effect in relation to distributions made on or after 2nd July 1997.

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.