Corporation Tax Bill

House of Commons

Session 2008 - 09
Internet Publications
Other Bills before Parliament

Corporation Tax Bill

Corporation Tax Bill
Schedule 3 — Repeals and revocations
Part 1 — Repeals and revocations on 1 April 2009
792

Reference
Extent of repeal or revocation

Capital Allowances Act 2001
In section 529—

(c. 2)—cont.
(a)
in subsection (1), the words “, or a

Schedule A business,”,

(b)
in subsection (1A), the words from “is

5

within” to “and he”, and

(c)
subsection (2).

In section 577(1), the words “, a Schedule A

business”.

In Schedule 1, in Part 2, the entry for “Schedule

10

A business”.

In Schedule 2, paragraphs 5, 14, 16 to 20, 40, 45,

46, 48 to 52, 96 and 104.

Finance Act 2001 (c. 9)
Section 70(1) and (2).

Section 73.

15

Section 75(1).

Schedule 22.

In Schedule 23, paragraph 1.

Financial Services and Markets
Article 16(6) to (8).

Act 2000 (Consequential

20

Amendments) (Taxes) Order

2001 (S.I. 2001/3629)

Tax Credits Act 2002 (c. 21)
In Schedule 3, paragraph 59.

Finance Act 2002 (c. 23)
Section 38.

Sections 53 to 56.

25

Section 60.

Section 64.

Section 65(2)(a).

Section 67(1) and (2).

Section 68.

30

Section 71.

Section 83(1)(a) and (2).

Section 84(1).

In section 103—

(a)
in subsection (4), paragraph (d), in

35

paragraph (f) the words from “in

Schedule 20” to the end, and paragraph

(h), and

(b)
subsection (5).

Section 105(1).

40

Section 106.

In Schedule 9, paragraphs 4(4) and 8(2).

Schedules 12 to 15.

In Schedule 16, in paragraph 27(4) the words

“under Case VI of Schedule D”.

45

In Schedule 18, paragraph 9(3)(a).

Schedule 22.

In Schedule 23, paragraphs 2, 3, 6, 7, 9 to 15 and

25.

In Schedule 25, paragraphs 2 to 25, 27 to 36, 40,

50

47, 48, 50, 53 and 61 to 64.

Schedule 26.

In Schedule 27, paragraphs 3, 19 and 20.

In Schedule 28, paragraphs 1 and 3.

Corporation Tax Bill
Schedule 3 — Repeals and revocations
Part 1 — Repeals and revocations on 1 April 2009
793

Reference
Extent of repeal or revocation

Finance Act 2002 (c. 23)—cont.
Schedule 29.

In Schedule 30, paragraph 1(3).

Income Tax (Earnings and
In section 515—

Pensions) Act 2003 (c. 1)
(a)
subsection (1), and

5

(b)
the “and” immediately after subsection

(2)(c).

In Schedule 1, in Part 2, the entries for “Schedule

A business” and “UK property business”.

In Schedule 6, paragraphs 4, 5, 12, 13, 62 to 64,

10

67, 69, 70, 87, 109, 244 and 258.

Finance Act 2003 (c. 14)
Section 40.

Section 141.

Section 143.

Section 148(5B).

15

Section 149(1) to (3).

In section 150(7), the words from “; and” to the

end.

In section 153—

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

20

“115(4)(b)”,

(b)
subsection (1)(e),

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

830(4)”, and

(d)
subsection (2)(d).

25

Section 168.

Sections 178 and 179.

Section 180(1).

Section 184.

In Schedule 22, paragraphs 59 to 73.

30

Schedules 23 to 25.

Schedule 31.

In Schedule 35, paragraph 4.

Schedule 37.

In Schedule 41, paragraphs 1, 4 and 5(2).

35

Finance Act 2004 (c. 12)
Section 34(4).

Sections 38 and 39.

Section 45(1) to (3).

Section 48.

Section 54.

40

In section 71, subsection (3)(b) and the “and”

immediately before it.

Section 137(2).

Section 141.

In section 280(1), the “and” immediately after

45

the entry for “ITTOIA 2005”.

In Schedule 5, paragraphs 2, 5 to 8 and 14 to 16.

In Schedule 6, paragraphs 1 and 9.

Schedules 8 and 9.

In Schedule 10, paragraphs 1 to 4, 6, 8, 9(1), 13,

50

14, 16, 17, 19 to 23, 25, 28, 30 to 42, 47 to 69, 71

and 73.

In Schedule 16, paragraph 5.

In Schedule 17, paragraphs 4, 7 and 8.

In Schedule 26, paragraph 12.

55

Corporation Tax Bill
Schedule 3 — Repeals and revocations
Part 1 — Repeals and revocations on 1 April 2009
794

Reference
Extent of repeal or revocation

Finance Act 2004 (c. 12)—cont.
In Schedule 35, paragraphs 45, 50, 52 and 53.

Finance Act 2002, Schedule 26,
The whole Order.

Parts 2 and 9 (Amendment)

Order 2004 (S.I. 2004/2201)

5

Finance Act 2004, Sections 38 to
In the Schedule, paragraphs 4(2), 5, 6, 22 and 58

40 and 45 and Schedule 6
to 64.

(Consequential Amendment

of Enactments) Order 2004

(S.I. 2004/2310)

10

Finance Act 2000, Schedule 20
The whole Order.

(Definition of Small or

Medium-Sized Enterprise)

Order 2004 (S.I. 2004/3267)

Finance Act 2002, Schedule 26,
The whole Order.

15

Parts 2 and 9 (Amendment

No.2) Order 2004 (S.I. 2004/

3270)

Income Tax (Trading and Other
In section 48(4)(a), the words “under section 97

Income) Act 2005 (c. 5)
(debts incurred and later released)”.

20

Section 79(2).

In section 155(1), the words from “carried” to

the end.

In section 287(4), the “or” immediately before

paragraph (b).

25

In section 288(6), the “and” immediately before

paragraph (d).

In section 839(3), the words “or to corporation

tax under Case III of Schedule D”.

Section 862(3) and (7).

30

Section 881.

In Schedule 1—

(a)
paragraphs 6, 7, 9(2) and (3), 17 to 24, 31,

34(2)(b), 44, 46, 48 to 50, 56 to 58, 60, 62 to

74, 77 to 85, 90, 92, 95, 97, 107, 172, 182,

35

183, 189, 201 to 203, 205, 207 to 209, 230,

234 to 236, 238, 239, 243, 245, 247, 248,

250, 251, 262, 284 to 287, 290, 291(2) to (4)

and 292,

(b)
in paragraph 312—

40

(a)
sub-paragraph (3), and

(b)
sub-paragraph (4)(b) and the

“and” immediately before it, and

(c)
paragraphs 314(2), 321(3), 327, 332, 335,

351(2), 352(2), 378, 390(2)(a) and (b),

45

416(2) and (3), 418, 451(2)(a), (b) and (c),

486, 488, 489, 494(2)(c) and (d), 500, 502,

506, 509, 520, 576, 578, 583(6) and 630.

In Schedule 4, in Part 2, the entry for “Schedule

A business”.

50

Finance Act 2005 (c. 7)
Section 48B(5)(d) and the “or” immediately

before it.

Corporation Tax Bill
Schedule 3 — Repeals and revocations
Part 1 — Repeals and revocations on 1 April 2009
795

Reference
Extent of repeal or revocation

Finance Act 2005 (c. 7)—cont.
Section 50.

In section 51(1), (4) and (5)(b) the words “or

profit share return”.

In section 52, in subsection (2) the words “or

5

profit share return” and subsection (6).

Section 54.

In section 54A(2)(b), the words “or profit share

return”.

In section 55, the words “, corporation tax”.

10

In section 56, subsection (4)(b) and the “and”

immediately before it, and subsection (5).

In section 57, the definition of “profit share

return”.

Section 81.

15

Section 91(2), (3) and (7).

In Schedule 2—

(a)
paragraphs 2 and 7, and

(b)
in paragraphs 8, 10, 11(c), 12 and 13 the

words “or profit share return”.

20

In Schedule 4, paragraphs 2 to 5, 9, 11 to 13, 15

to 17, 19, 20, 22, 26 to 28, 30, 31, 34 to 47 and

52.

Finance (No. 2) Act 2005 (c. 22)
Section 17(1)(b) and (c).

Section 23(1)(a)(ii).

25

Section 41.

Section 54(1).

Section 55.

Section 60.

Section 63.

30

In Schedule 2, paragraph 20.

In Schedule 6, paragraphs 1, 4 to 7 and 9 to 11.

In Schedule 7, paragraphs 10, 11, 15 to 18, 20

and 22 to 24.

In Schedule 8, paragraph 4.

35

In Part 2(6) of Schedule 11, the entries relating to

FA 1996, FA 2002 and FA 2004 and Note 3.

Finance Act 2002, Schedule 26,
The whole Order.

Parts 2 and 9 (Amendment)

Order 2005 (S.I. 2005/646)

40

Finance Act 2002, Schedule 26,
The whole Order.

Parts 2 and 9 (Amendment

No.2) Order 2005 (S.I. 2005/

2082)

Research and Development Tax
The whole Order.

45

Relief (Definition of “Small or

Medium-Sized Enterprise”)

Order 2005 (S.I. 2005/3376)

Finance Act 2002, Schedule 26
The whole Order.

(Parts 2 and 9) (Amendment

50

No.3) Order 2005 (S.I. 2005/

3440)

Finance Act 2006 (c. 25)
Section 28.

Corporation Tax Bill
Schedule 3 — Repeals and revocations
Part 1 — Repeals and revocations on 1 April 2009
796

Reference
Extent of repeal or revocation

Finance Act 2006 (c. 25)—cont.
Sections 31 to 41.

In section 42(2)—

(a)
the words “Part 1 deals with entitlement

to the relief”, and

5

(b)
the words “Part 4 is about provisional

entitlement to relief”.

Sections 43 to 45, 48 to 52 and 53(2).

Section 77.

Section 93.

10

In section 117(3)(b), the words “under Case VI

of Schedule D”.

Section 121(4).

Schedule 2.

In Schedule 3, paragraphs 2(3) and (4) and 6 to

15

9.

Schedule 4.

In Schedule 5, Part 1, paragraphs 24 and 25 and

Part 4.

In Schedule 6, paragraphs 10(1) to (3), 11 to 19

20

and 21 to 24.

In Schedule 10, paragraph 43(2).

Income Tax (Trading and Other
Article 5.

Income) Act 2005

(Consequential

25

Amendments) Order 2006

(S.I. 2006/959)

Authorised Investment Funds
Regulation 95.

(Tax) Regulations 2006 (S.I.

2006/964)

30

Investment Trusts and Venture
The whole Order.

Capital Trusts (Definition of

Capital Profits, Gains or

Losses) Order 2006 (S.I.

2006/1182)

35

Finance Act 2002, Schedule 26,
The whole Order.

(Parts 2 and 9) (Amendment)

Order 2006 (S.I. 2006/3269)

Income Tax Act 2007 (c. 3)
Section 835(2).

In section 941—

40

(a)
subsections (4) and (5), and

(b)
in subsection (6), the words “or (5)” in

the definition of “deemed deduction”

and “or (4)” in the definition of “deemed

payment”.

45

In section 989, the definition of “Schedule A

business”.

In Schedule 1, paragraphs 6, 10, 12, 21, 87(4) and

(5), 91, 107, 109, 114, 134, 371 to 376, 422 and

439(2)(a).

50

In Schedule 4, the entry for “Schedule A

business”.

Corporation Tax Bill
Schedule 3 — Repeals and revocations
Part 1 — Repeals and revocations on 1 April 2009
797

Reference
Extent of repeal or revocation

Finance Act 2007 (c. 11)
Section 17.

Section 28.

Section 34(1) to (6).

Sections 49 and 50.

5

Section 58(1).

In Schedule 3, paragraph 10.

In Schedule 5, paragraphs 11 to 16, 18 and 19.

In Schedule 7, paragraphs 56, 65 to 67, 72, 74

and 75 and, in paragraph 85, the words “(a

10

“Case VI loss”)” and “(a “Case I loss”)”.

In Schedule 8, paragraphs 20 and 25 to 27.

In Schedule 9, paragraph 1(2)(g) and (h) and (5).

In Schedule 10, paragraph 4(4)(d) and the “and”

immediately before it and paragraphs 6, 14(9)

15

and (10)(c) and (d) and 16(8) and (10).

In Schedule 13, paragraphs 2 to 5, 7 to 10 and 12.

In Schedule 14, paragraphs 14 to 18.

Finance Act 2008 (c. 9)
Sections 26 to 30.

Section 36(1).

20

Section 49(7), (8) and (13).

Section 58(1).

Section 65.

Section 73(3).

In section 77, in subsection (4) paragraph (a) and

25

the “and” immediately after it.

Section 153.

In Schedule 1, paragraph 44.

In Schedule 2, paragraph 51.

Schedules 8 to 10.

30

Schedule 13.

In Schedule 15, Part 2.

In Schedule 17, paragraphs 9(1), 12, 23, 28(1)

and (2), 29 and 36.

In Schedule 22, paragraphs 3 to 16, 17(1) and 18

35

to 20.

In Schedule 35, paragraph 10.

In Schedule 39, paragraph 17.

Companies Act 2006
Regulation 21.

(Consequential

40

Amendments) (Taxes and

National Insurance) Order

2008 (S.I. 2008/954)

Authorised Investment Funds
The whole Regulations.

(Tax) (Amendment No. 2)

45

Regulations 2008 (S.I. 2008/

1463)

Corporation Tax Bill
Schedule 4 — Index of defined expressions
798

Part 2
Prospective repeals

Reference
Extent of repeal or revocation

Taxation of Chargeable Gains
Section 151F.

Act 1992 (c. 12)

5

Corporation Tax Act 2009
Section 306(2)(e).

Section 310(5).

Section 328.

Section 450(6).

Section 384.

10

Section 606.

In section 690(6), the words from “which are” to

the end.

Schedule 4
Section 1327

Index of defined expressions
15

absolute interest (in Chapter 3 of Part 10)
section 935(1)

accounting period
section 834(1) of ICTA

accounting period of a firm (in Part 17)
section 1261

accounting value (in relation to an asset) (in Part
section 719

8)

20

the acquired securities (in Chapter 5 of Part 12)
section 1030(4)

acquisition (in relation to an asset) (in Part 8)
section 856

the actual accrual period (in Chapter 8 of Part 5)
section 373(5)

the administration period (in Chapter 3 of Part
section 938(1)

10)

25

the aggregate income of the estate (in Chapter 3
section 947(1)

of Part 10)

alternative finance arrangements (in Parts 5 and
section 501(2)

6)

alternative finance return (in Part 6)
sections 511 to 513

30

amortised cost basis (in Parts 5 and 6)
section 313(4)

amount recognised in determining a company’s
section 308

profit or loss for a period (in Parts 5 and 6)