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(b) the fraction mentioned in section 13AA of the Income and Corporation Taxes Act 1988 shall be 19/400ths.
And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.
And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.
(1) The Income Tax (Earnings and Pensions) Act 2003 shall be amended in accordance with the following provisions of this Resolution.
(2) In section 393(1) as originally enacted, after "non-approved retirement benefits scheme" there shall be inserted "other than a scheme established by an order under section 1(2) of the Armed Forces (Pensions and Compensation) Act 2004 (armed and reserve forces compensation schemes)".
No liability to income tax arises on a lump sum provided under a scheme established by the Armed Forces Early Departure Payments Scheme Order 2005 (S.I. 2005/437).".
" (h) a benefit under a scheme established by an order under section 1(2) of the Armed Forces (Pensions and Compensation) Act 2004 payable to a person by reason of his illness or injury—
(5) The amendments made this Resolution shall have effect for the year 2005–06, and the amendments made by paragraphs (3) and (4) shall also have effect for subsequent years of assessment.
And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.
That provision (including provision having retrospective effect) may be made in relation to securities acquired pursuant to a right or opportunity available by reason of employment.
That provision may be made amending sections 82B and 508 of the Income and Corporation Taxes Act 1988 and section 88 of the Income Tax (Trading and Other Income) Act 2005.
That provision may be made about the taxation of unit holders in authorised unit trust schemes and shareholders in open-ended investment companies.
That, for the purposes of income tax, corporation tax and capital gains tax, provision may be made about arrangements which constitute an alternative to transactions involving the payment of interest.
That provision (including provision having retrospective effect) may be made for the purposes of income tax in relation to individuals who are or have been members of a partnership or a limited liability partnership.
That provision (including provision having retrospective effect) may be made with respect to matters connected with accounting practice.
(1) Provision (including provision having retrospective effect) may be made enabling the Treasury to make provision by regulations as to the application of the Corporation Tax Acts in relation to a securitisation company.
(b) of a description specified by reference to its relationship, direct or indirect, with a company within paragraph (a).
"capital market investment" and "capital market arrangement" have the same meaning as in section 72B(1) of the Insolvency Act 1986; and
That provision (including provision having retrospective effect) may be made amending Part 18 of the Income and Corporation Taxes Act 1988.
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(a) amounts that are not to be allowed as deductions for the purposes of the Corporation Tax Acts; and
(b) contributions to the capital of any company that are to be treated as income arising to the company.
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