Part 2 Consequential Amendments
Finance Act 2014 (2014 c 26) | Legislation

Part 2 Consequential Amendments

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In section 1 of the Provisional Collection of Taxes Act 1968 (temporary statutory effect of resolutions of House of Commons), omit subsection (3A).

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(1)     In section 7 of TMA 1970 (notice of liability to income tax and capital gains tax), in subsection (6), after “the basic rate,†insert “the Scottish basic rate,â€.

(2)ÌýÌýÌýÌý The amendment made by sub-paragraph (1) has effect in relation to the tax year appointed by the Treasury under section 25(5) of the Scotland Act 2012 and subsequent tax years.

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(1)     TCGA 1992 is amended as follows.

(2)ÌýÌýÌýÌý In section 4 (rates of capital gains tax), in subsections (4) and (5), after “the higher rate†insert “, the Scottish higher rateâ€.

(3)ÌýÌýÌýÌý In section 4A (section 4: special cases), in subsection (5), after “at the higher rate†insert “, the Scottish higher rateâ€.

(4)     The amendments made by this paragraph have effect in relation to the tax year appointed by the Treasury under section 25(5) of the Scotland Act 2012 and subsequent tax years.

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