
2020 No. 506
Income Tax
Capital Gains Tax
The Individual Savings Account (Amendment No. 3) (Coronavirus) Regulations 2020
Made 13th May 2020
Laid before the House of Commons 14th May 2020
Coming into force 4th June 2020
The Treasury, in exercise of the powers conferred by section 151 of the Taxation of Chargeable Gains Act 1992 , sections 694, 695 and 701 of the Income Tax (Trading and Other Income) Act 2005  and paragraph 8 of Schedule 1 to the Savings (Government Contributions) Act 2017 , make the following Regulations.
Citation and commencement
1 
These Regulations may be cited as the Individual Savings Account (Amendment No. 3) (Coronavirus) Regulations 2020 and come into force on 4th June 2020.
Amendment of the Individual Savings Account Regulations 1998
2 
The Individual Savings Account Regulations 1998  are amended as follows.

3 
In the Schedule, after paragraph 5, insert—“

5A 
Notwithstanding paragraph 5, the specified percentage in respect of the period beginning on 6th March 2020 and ending on 5th April 2021 is 20%.”.
Maggie Throup
Iain Stewart

Two of the Lord Commissioners of Her Majesty's Treasury
13th May 2020