Sch. 7A.14

(1)Paragraphs 9 to 11 have effect in relation to existing transactions as they have effect in relation to transactions entered into after the date on which those paragraphs come into force, except that-
(a)references in paragraph 9 to a controlled benefit do not include references to a controlled donation;
(b)in paragraph 9(2)(b)(i) the words "and in the same calendar year" are omitted;
(c)the requirement in paragraph 9(7), 10(1)(b) or 11(1)(b) is a requirement to deliver the report within the period of 60 days beginning with the date on which that provision comes into force.
(2)An existing transaction is a controlled transaction which, at the date on which paragraphs 9 to 11 come into force, has not come to an end for the purposes of paragraph 11(3)(c).