Income Tax Bill

House of Commons

Session 2006 - 07
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Other Bills before Parliament

Income Tax Bill

Income Tax Bill
Schedule 3 — Repeals and revocations
Part 1 — Repeals and revocations: general
663

Reference
Extent of repeal or revocation

Income and Corporation Taxes
In section 461B, in subsection (1) the words

Act 1988 (c. 1)—cont.
“income tax and” and in subsection (5) the

words “income tax or”.

In section 467(1), in paragraph (a), the words “to

5

exemption from income tax and corporation

tax”, and in paragraph (b), the words “to

exemption from tax”.

In section 468(6), the definition of “unit trust

scheme” and the “and” immediately before it.

10

In section 469—

(a)
in subsection (2) the words from “and, in

the case of income” to the end, and

(b)
subsections (2A) to (4), (5A) to (5D) and

(7) to (10).

15

In section 477A—

(a)
subsections (1) to (2A),

(b)
in subsection (3), the words from “For

any” to “above apply,”,

(c)
in subsection (3)(b), the words “paid or

20

credited in the year of assessment”,

(d)
subsection (7), and

(e)
in subsection (10), the definitions of

“qualifying certificate of deposit”,

“qualifying deposit right” and

25

“security”.

Sections 480A to 482.

Section 486(2), (3) and (6).

Section 492(2).

Section 504A.

30

In section 505—

(a)
in subsection (1)(a), the words “, or

under Parts 2 and 3 of ITTOIA 2005,”,

(b)
in subsection (1)(c)(ii), the words from

“or under Chapter 2, 7, 8 or 10” to the

35

end of the sub-paragraph,

(c)
subsection (1)(c)(iiaa) and (iii),

(d)
in subsection (1)(d), the words “or

Chapter 2 of Part 4 of ITTOIA 2005

(interest)”,

40

(e)
in subsection (1)(e), the words “or Part 2

of ITTOIA 2005 (trading income)”,

(f)
in subsection (1)(f), the words “or Part 2

or 5 of ITTOIA 2005 (trading and

miscellaneous income”, and

45

(g)
in subsection (2), the words from

“chargeable to income tax” to “and shall

be”.

In section 506C(1)—

(a)
paragraph (d), and

50

(b)
the “or” at the end of paragraph (h).

In section 510A(3), paragraph (b) and the “and”

immediately before it.

Income Tax Bill
Schedule 3 — Repeals and revocations
Part 1 — Repeals and revocations: general
664

Reference
Extent of repeal or revocation

Income and Corporation Taxes
Section 515.

Act 1988 (c. 1)—cont.
In section 524(3)—

(a)
the word “and” at the end of paragraph

(a), and

5

(b)
paragraphs (b) and (c).

Section 527(4).

Sections 536, 537 and 537B.

Section 555.

In section 556(5), the words from the beginning

10

to “, and”.

Section 558(1) to (4).

In section 573(4), the words from “and where”

to “chargeable gains”.

Section 574.

15

In section 575, in the sidenote the words “or

574”, in subsection (2), the words “or 574”, in

each place where they occur, and in subection

(3), the words “or 574”.

In section 576, in subsection (1), the words “or

20

574”, subsections (1A) and (1B) and

subsections (2) to (5).

Section 581A.

In section 582(1)(b), the words from “or section”

to “income tax purposes)”.

25

Section 582A.

Section 587A.

In section 587B—

(a)
subsection (2)(a)(i),

(b)
in subsection (2)(a)(ii), the words “in the

30

case of a disposal by a company,”,

(c)
in subsection (2)(b), the words from “of

this Act” to the end,

(d)
in subsection (2), the words from “but

paragraph (a)(i)” to the end, and

35

(e)
subsection (3).

In section 587C—

(a)
subsections (2) and (3),

(b)
subsection (10)(a) and the “and”

immediately after it, and

40

(c)
in subsection (10)(b), the words “in the

case of a company,”.

In section 658(4)(b) the words

“(notwithstanding anything in section 348)”.

Section 660C(3).

45

Sections 685A to 687.

Section 689A.

Section 689B(4).

Sections 690 to 694.

Section 698A.

50

In section 703, in subsection (3) the words “in

the case of corporation tax” and subsections

(3A) and (11).

Income Tax Bill
Schedule 3 — Repeals and revocations
Part 1 — Repeals and revocations: general
665

Reference
Extent of repeal or revocation

Income and Corporation Taxes
In section 704, in paragraph A, the words from

Act 1988 (c. 1)—cont.
“, or” at the end of paragraph (da) to the end

of paragraph (g).

Section 720(5).

5

In section 730A(7), the words from “, 613(4) or”

to “Act 2004”.

Section 733(2).

In section 736B(2A)—

(a)
in paragraph (a), the words “income tax

10

or”, and

(b)
in paragraph (b), the words “total

income or, as the case may be,”.

Section 736C(8).

In section 737A(5A), the words “income tax or”,

15

“total income or” and “Where the relevant

person is a company,”.

In section 737C—

(a)
in subsection (7), the words from “and in

subsection (8) below” to the end, and

20

(b)
subsection (8).

In section 737D(1), the words from “, 613(4) or”

to “Act 2004”.

In section 737E(4) and (6)(b), the words “or

263D”.

25

Sections 739 to 746.

In section 747(4), paragraph (b) and the “and”

immediately before it.

In section 761(6), the words from “, but” to the

end.

30

Section 775.

In section 776, subsections (3A)(a) and (3B), in

subsection (6)(a) the words “Part 2 of ITTOIA

2005 or”, in subsection (6)(b) the words from

“section 158” to “be)”, in subsection (7) the

35

words “Part 2 of ITTOIA 2005 or” and

subsection (9).

In section 777, in subsection (8) the second

sentence, subsection (9) and in subsection (13)

the words from “and any” to the end.

40

Section 796(3).

Section 804(6).

In section 811(2), paragraph (b) and the “and”

immediately after it.

Section 816(3A).

45

Section 818.

Section 819.

In section 821(3), paragraph (aa) and the “and”

immediately after it.

Section 823.

50

Section 827A.

Income Tax Bill
Schedule 3 — Repeals and revocations
Part 1 — Repeals and revocations: general
666

Reference
Extent of repeal or revocation

Income and Corporation Taxes
In section 828—

Act 1988 (c. 1)—cont.
(a)
in subsection (2) the words “841(1)(b)

or”,

(b)
in subsection (4) the words “1(6),” and

5

“257C, 582A(1),” and “or section 82(4)(d)

of the Capital Allowances Act”, and

(c)
in subsection (5) the words “or section

873 of ITTOIA 2005” and “or ITTOIA

2005”.

10

Section 829.

In section 830(1), the words “income tax and”.

In section 832(1)—

(a)
the definitions of “basic rate” and “basic

rate limit”,

15

(b)
the definition of “higher rate”,

(c)
the definition of “industrial assurance

business”,

(d)
the definition of “interest”,

(e)
the definitions of “investment LLP” and

20

“property investment LLP”,

(f)
the definition of “lower rate”,

(g)
in the definition of “notice”, the words

“or in a form authorised (in relation to

the case in question) by directions under

25

section 118 of the Finance Act 1998”,

(h)
in the definition of “overseas property

business”, paragraph (a) and, in

paragraph (b), “for the purposes of

corporation tax,”,

30

(i)
the definition of “preference dividend”,

(j)
the definition of “the rate applicable to

trusts”,

(k)
the definition of “relevant foreign

income”,

35

(l)
the definitions of “starting rate” and

“starting rate limit”,

(m)
the definition of “step-child”,

(n)
in the definition of “tax credit”, in

paragraph (a), “for the purposes of

40

corporation tax” and paragraph (b),

(o)
the definitions of “the dividend ordinary

rate”, “the dividend trust rate” and “the

dividend upper rate”, and

(p)
the definition of “UK property

45

business”.

Section 832(5).

Section 833.

Section 835.

Section 836.

50

Section 836B.

Section 837.

Income Tax Bill
Schedule 3 — Repeals and revocations
Part 1 — Repeals and revocations: general
667

Reference
Extent of repeal or revocation

Income and Corporation Taxes
Section 842AA.

Act 1988 (c. 1)—cont.
In section 842B—

(a)
subsection (1)(a) and the “and”

immediately after it,

5

(b)
in subsection (2), the words “an

investment LLP or”, and

(c)
in the sidenote, the words ““investment

LLP” and”.

In Schedule 15B, Part 1.

10

Schedule 16.

Income Tax Bill
Schedule 3 — Repeals and revocations
Part 1 — Repeals and revocations: general
668

Reference
Extent of repeal or revocation

Income and Corporation Taxes
In Schedule 23A—

Act 1988 (c. 1)—cont.
(a)
in paragraph 1(1) the definition of

“interest manufacturer” and, in the

definition of “manufactured dividend”,

5

“manufactured interest” and

“manufactured overseas dividend”, the

words “, “manufactured interest”” and “,

3”.

(b)
paragraph 2(3)(c) and the “and”

10

immediately before it,

(c)
in paragraph 2(6)(a) the words “to which

sub-paragraph (3) above applies”,

(d)
paragraphs 2A to 3A,

(e)
paragraph 4(2) to (3B),

15

(f)
in paragraph 4(4), the words from “as

they apply” to “branch or agency in the

United Kingdom”,

(g)
in paragraph 4(5), paragraph (a),

(h)
paragraph 4(6) to (7AA),

20

(i)
in paragraph 7(1), the words

“manufactured interest or”, “3 or” and

“interest or” and the words “, as the case

may be” where they occur for the first

time, and the word “3(1)”,

25

(j)
in paragraph 7(1A), the words

“manufactured interest or”,

(k)
in paragraph 7(3), the words “3(1) or”,

“manufactured interest or” and “3 or”,

(l)
in paragraph 7(4)(b), the words “or set

30

off” and “income or”,

(m)
in paragraph 8(1), the words “,

manufactured interest” in both places

where they occur and the words “,

interest manufacturers”,

35

(n)
in paragraph 8(1A), the words “or the

1992 Act”,

(o)
in paragraph 8(2), paragraphs (c) and (d)

and the words “or to” and “,

manufactured interest or manufactured

40

overseas dividends”,

(p)
paragraph 8(2A), and

(q)
paragraph 8(3)(b).

Schedule 28B.

Finance Act 1988 (c. 39)
Sections 23 to 25.

45

Section 34.

Section 36(2) to (6).

Sections 37, 38 and 40.

Section 71.

Income Tax Bill
Schedule 3 — Repeals and revocations
Part 1 — Repeals and revocations: general
669

Reference
Extent of repeal or revocation

Finance Act 1988 (c. 39)—cont.
In section 130(7)(c)—

(a)
sub-paragraphs (i) and (ii), and

(b)
the “or” immediately before sub-

paragraph (iii).

5

In Schedule 3, paragraphs 11, 15 and 22.

In Schedule 6, paragraph 3(3) to (5).

Copyright, Designs and Patents
In Schedule 7, paragraph 36(4), (5) and (6).

Act 1988 (c. 48)

Finance Act 1989 (c. 26)
Sections 30 to 32.

10

Sections 47 and 48.

In section 96—

(a)
subsection (2), and

(b)
in subsection (4), the words “and

subsection (2) above”.

15

In section 111—

(a)
subsections (1) to (3) and (6) to (8), and

(b)
in subsection (5), the words “Subject to

subsections (6) to (8) below,”.

Section 149(3)(d).

20

In section 151—

(a)
in subsection (2)(a) the words from

“other” to “2005,”,

(b)
subsection (2)(b) and the “and”

immediately before it, and

25

(c)
subsection (3).

In Schedule 12, paragraphs 12(1) to (3), 13(1) to

(3) and 17.

Finance Act 1990 (c. 29)
Sections 17 and 18.

In section 25, subsections (1) to (9A), (11) and

30

(13).

In Schedule 5, paragraphs 7 to 11 and 16.

Contracts (Applicable Law) Act
In Schedule 4, paragraph 6.

1990 (c. 36)

Finance Act 1991 (c. 31)
Sections 21 and 22.

35

Section 53.

Section 72.

Section 118(1).

In Schedule 11, paragraphs 1, 2(2), 3 and 4.

In Schedule 12, paragraph 1.

40

Income Tax (Building Societies)
The whole Regulations.

(Annual Payments)

Regulations (S.I. 1991/512)

Social Security Contributions
In paragraph 3 of Schedule 2—

and Benefits Act 1992 (c. 4)
(a)
in sub-paragraph (2), the words “of the

45

Act of 1988”, and

(b)
sub-paragraphs (2)(c) and (5)(a).