Section 1034 — Income Tax Act 2007: Commencement

Commencement 1034 1 This Act comes into force on 6 April 2007 and has effect—

a for income tax purposes, for the tax year 2007-08 and subsequent tax years, and b for corporation tax purposes, for accounting periods ending after 5 April 2007.

2 Subsection (1) is subject to subsections (3) and (4).

3 The following—

a Part 5 (enterprise investment scheme),

b Part 3 of Schedule 1 (consequential amendment associated with Part 5),

and c Part 2 of Schedule 3 (repeals so associated), do not have effect in relation to shares issued before 6 April 2007. This is subject to Schedule 2 (transitional provisions and savings).

4 Subsection (1) does not apply to the following provisions of this Act (which therefore come into force on the day on which this Act is passed)—

a in Part 15, section 852, and b in this Part, sections 1017, 1018, 1028, 1029, 1030(2) to (4) and 1033, this section and section 1035.