Commencement of finance legislation: broad sections are deemed operative from the start of the financial year with limited exceptions. The Finance Act, 1999 is cited as such and, subject to express exceptions within the Act, declares that sections 2 to 99 (excluding a specific clause of ... Summary
Commencement of finance legislation: broad sections are deemed operative from the start of the financial year with limited exceptions.
The Finance Act, 1999 is cited as such and, subject to express exceptions within the Act, declares that sections 2 to 99 (excluding a specific clause of section 6) are deemed to have come into force from the commencement of the financial year, thereby fixing the Act's scope and timing of operation.
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