Banking cash transaction tax abolition for transactions from the specified effective date removes tax charge prospectively. Section 95 of the Finance Act, 2005 is amended by inserting a new subsection stating that no banking cash transaction tax shall be charged in respect of ... Summary
Banking cash transaction tax abolition for transactions from the specified effective date removes tax charge prospectively.
Section 95 of the Finance Act, 2005 is amended by inserting a new subsection stating that no banking cash transaction tax shall be charged in respect of any taxable banking transaction entered into on or after the 1st day of April, 2009. The amendment takes effect prospectively from that date, and the Seventh Schedule is amended in the manner specified in the Ninth Schedule.
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