SI 2020/979 – The Finance Act 2009, Sections 101 and 102 (Disguised Remuneration Repayment Scheme) (Appointed Day and Consequential Amendment) Order 2020

Released 14 September 2020

SI 2020/979 commences the FA 2009 interest regime for the purposes of the Disguised Remuneration Repayment Scheme 2020 from 5 October 2020.

The Finance Act 2009, Sections 101 and 102 (Disguised Remuneration Repayment Scheme) (Appointed Day and Consequential Amendment) Order 2020 appoints 5 October 2020 as the day on which the interest regime contained in the Finance Act 2009, s. 101 to 102 comes into force for the purposes of the Disguised Remuneration Repayment Scheme 2020 established under the Finance Act 2020, s. 20. The applicable rates of interest are set out in the Taxes and Duties, etc (Interest Rate) Regulations 2011 (SI 2011/2446). The regulations come into force on 5 October 2020.

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