The Finance Act 2013, Section 66 (Appointed Day) Order 2013

This Order appoints 1st September 2013 as the day on which the amendments made by section 66 of the Finance Act 2013 come into force. The amendments in section 66 of the Finance Act 2013 have effect in respect of disposals on or after that date. The amendments made by section 66 will require companies to use their functional currency, or in certain circumstances their designated currency, to compute any chargeable gains and losses on disposals of ships, aircraft, shares, or interests in shares not covered by the substantial shareholdings exemption.