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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Finance Act 1991 (Savings-related Share Option Schemes) (Appointed Day) Order 1991 No. 1741 (C. 47) URL: http://www.bailii.org/uk/legis/num_reg/1991/uksi_19911741_en.html |
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Statutory Instruments
INCOME TAX
Made
25th July 1991
The Treasury, in exercise of the powers conferred on them by section 40(2) of the Finance Act 1991(1), hereby make the following Order:
1. This Order may be cited as the Finance Act 1991 (Savings-related Share Option Schemes) (Appointed Day) Order 1991.
2. The day appointed for the coming into force of section 40 of the Finance Act 1991 is 1st September 1991.
Sydney Chapman
Thomas Sackville
Two of the Lords Commissioners of Her Majesty's Treasury
25th July 1991
(This note is not part of the Order)
This Order appoints 1st September 1991 as the day on which section 40 of the Finance Act 1991 is to come into force.
That section increases from £150 to £250 the maximum monthly amount which under paragraph 24(2) of Schedule 9 to the Income and Corporation Taxes Act 1988 (c. 1) a person may contribute to a savings-related share option scheme approved by the Board of Inland Revenue under that Schedule. The maximum amount was previously increased from £100 to £150 by section 62(2) of the Finance Act 1989 (c. 26) with effect from 1st September 1989 (S.I. 1989/1520).