Finance Act 2012
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Modernisation of Direct Taxes Assessing Rules including rules for Self Assessment. |
129.— (1) The Principal Act is amended in the manner and to the extent specified in Schedule 4 . | |
(2) The Principal Act is amended by deleting Parts 39 and 41. | ||
(3) Subject to subsections (4) and (5), this section takes effect on and from 1 January 2013. | ||
(4) This section applies— | ||
(a) in the case of a chargeable period (within the meaning of section 321(2) of the Principal Act) which is an accounting period of a company, as respects chargeable periods that start on or after 1 January 2013, and | ||
(b) in a case other than that referred to in paragraph (a), as respects the year of assessment 2013 and subsequent years of assessment. | ||
(5) This section does not affect the application of the provisions of the Principal Act, which are amended or deleted by this section, as respects chargeable periods prior to those referred to in subsection (4). |