Tax law rewrite – minor amendments
Two new pieces of legislation came into effect on 1 January 2011 which correct minor errors, make consequential amendments and undo various unintended changes resulting from the work of the tax law rewrite project.
The two pieces of legislation are known as the:
- The Taxation (International and Other Provisions) Act 2010 (Amendment)Order 2010.
- The Corporation Tax Act 2010 (Amendment)Order 2010.
The legislation takes effect retrospectively to ensure that there will be no period of time during which the law is unclear and the generally understood meaning of the provisions is therefore maintained.