The Income and Corporation Taxes Act 1988, section 737A, (Appointed Day) Order 1996
Section 737A of the Income and Corporation Taxes Act 1988 (inserted by section 122 of the Finance Act 1994) provides for deemed manufactured payments on the sale and repurchase of securities where the agreement for the sale is entered into on or after the appointed day. Section 737B(9) of the 1988 Act provides that “the appointed day” in section 737A means such day as the Treasury may by order appoint and that different days may be appointed in relation to United Kingdom equities, United Kingdom securities and overseas securities.