ACCA Applied Skills · Taxation (UK) · Principal sources of revenue law and practice
A change to tax law is introduced by statutory instrument with an effective date after the exam date. Which statement is correct under the TX-UK examinable documents?
The rule for prospective legislation also applies to the effective date of Act provisions introduced by statutory instrument. Such a change will not normally be examined until it actually takes effect.
- AIt will be examined because statutory instruments are secondary legislation
- BIt will not normally be examined until its effective date has arrivedCorrect
- CIt will be examined only in the exam immediately after it is announced
- DIt will be examined if the Finance Act 2025 mentions it
Explanation
The text states the same rule for prospective legislation applies to the effective date of provisions of an Act introduced by statutory instrument. So such a provision is not normally examined until it takes effect.
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