Income Tax (Earnings and Pensions) Act 2003 section 723

Commencement and transitional provisions and savings

Section 723 sets out when the Income Tax (Earnings and Pensions) Act 2003 comes into force and confirms that its commencement is subject to transitional provisions and savings contained in Schedule 7.

• The Act comes into force on 6th April 2003.
• For income tax purposes, it applies from the 2003–04 tax year onwards.
• For corporation tax purposes, it applies to accounting periods ending after 5th April 2003.
• The commencement rules are subject to transitional provisions and savings set out in Schedule 7.