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Corporation Tax Bill


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

794

 
 

Reference

Extent of repeal or revocation

 
 

Income Tax (Trading and Other

In Schedule 1—

 
 

Income) Act 2005 (c. 5)—cont.

(a)   

paragraphs 6, 7, 9(2) and (3), 17 to 23, 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,

 

5

  

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—

 

10

  

(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, 416(2) and (3), 418,

 

15

  

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”.

 

20

 

Finance Act 2005 (c. 7)

Section 48B(5)(d) and the “or” immediately

 
  

before it.

 
  

Section 50.

 
  

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

 
  

profit share return”.

 

25

  

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

 
  

profit share return” and subsection (6).

 
  

Section 54.

 
  

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

 
  

return”.

 

30

  

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

 
  

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

 
  

immediately before it, and subsection (5).

 
  

In section 57, the definition of “profit share

 
  

return”.

 

35

  

Section 81.

 
  

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

 

40

  

words “or profit share return”.

 
  

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).

 

45

  

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

 
  

Section 41.

 
  

Section 54(1).

 
  

Section 55.

 
  

Section 60.

 

50

  

Section 63.

 
  

In Schedule 2, paragraph 20.

 
  

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

 
 
 

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 (No. 2) Act 2005

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

 
 

(c. 22)—cont.

and 22 to 24.

 
  

In Schedule 8, paragraph 4.

 
  

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

 

5

  

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)

  
 

Finance Act 2002, Schedule 26,

The whole Order.

 

10

 

Parts 2 and 9 (Amendment

  
 

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

  
 

2082)

  
 

Research and Development Tax

The whole Order.

 
 

Relief (Definition of “Small or

  

15

 

Medium-Sized Enterprise”)

  
 

Order 2005 (S.I. 2005/3376)

  
 

Finance Act 2002, Schedule 26

The whole Order.

 
 

(Parts 2 and 9) (Amendment

  
 

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

  

20

 

3440)

  
 

Finance Act 2006 (c. 25)

Section 28.

 
  

Sections 31 to 41.

 
  

In section 42(2)—

 
  

(a)   

the words “Part 1 deals with entitlement

 

25

  

to the relief”, and

 
  

(b)   

the words “Part 4 is about provisional

 
  

entitlement to relief”.

 
  

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

 
  

Section 77.

 

30

  

Section 93.

 
  

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

 
  

of Schedule D”.

 
  

Section 121(4).

 
  

Schedule 2.

 

35

  

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

 
  

9.

 
  

Schedule 4.

 
  

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

 
  

Part 4.

 

40

  

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

 
  

and 21 to 24.

 
  

In Schedule 10, paragraph 43(2).

 
 

Income Tax (Trading and Other

Article 5.

 
 

Income) Act 2005

  

45

 

(Consequential

  
 

Amendments) Order 2006

  
 

(S.I. 2006/959)

  
 

Authorised Investment Funds

Regulation 95.

 
 

(Tax) Regulations 2006 (S.I.

  

50

 

2006/964)

  
 
 

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

796

 
 

Reference

Extent of repeal or revocation

 
 

Investment Trusts and Venture

The whole Order.

 
 

Capital Trusts (Definition of

  
 

Capital Profits, Gains or

  
 

Losses) Order 2006 (S.I.

  

5

 

2006/1182)

  
 

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).

 

10

  

In section 941—

 
  

(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

 

15

  

payment”.

 
  

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

 

20

  

439(2)(a).

 
  

In Schedule 4, the entry for “Schedule A

 
  

business”.

 
 

Finance Act 2007 (c. 11)

Section 17.

 
  

Section 28.

 

25

  

Section 34(1) to (6).

 
  

Sections 49 and 50.

 
  

Section 58(1).

 
  

In Schedule 3, paragraph 10.

 
  

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

 

30

  

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

 
  

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

 
  

“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).

 

35

  

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

 
  

immediately before it and paragraphs 6, 14(9)

 
  

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.

 

40

 

Finance Act 2008 (c. 9)

Sections 26 to 30.

 
  

Section 36(1).

 
  

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

 
  

Section 58(1).

 
  

Section 65.

 

45

  

Section 73(3).

 
  

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

 
  

the “and” immediately after it.

 
  

In Schedule 1, paragraph 44.

 
  

In Schedule 2, paragraph 51.

 

50

  

Schedules 8 to 10.

 
  

Schedule 13.

 
  

In Schedule 15, Part 2.

 
  

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

 
  

and (2), 29 and 36.

 

55

 
 

Corporation Tax Bill
Schedule 4 — Index of defined expressions

797

 
 

Reference

Extent of repeal or revocation

 
 

Finance Act 2008 (c. 9)—cont.

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

 
  

to 20.

 
  

In Schedule 35, paragraph 10.

 
  

In Schedule 39, paragraph 17.

 

5

 

Companies Act 2006

Regulation 21.

 
 

(Consequential

  
 

Amendments) (Taxes and

  
 

National Insurance) Order

  
 

2008 (S.I. 2008/954)

  

10

 

Authorised Investment Funds

The whole Regulations.

 
 

(Tax) (Amendment No. 2)

  
 

Regulations 2008 (S.I. 2008/

  
 

1463)

  
 

Part 2

15

Prospective repeals

 

Reference

Extent of repeal or revocation

 
 

Taxation of Chargeable Gains

Section 151F.

 
 

Act 1992 (c. 12)

  
 

Corporation Tax Act 2009

Section 306(2)(e).

 

20

  

Section 310(5).

 
  

Section 328.

 
  

Section 450(6).

 
  

Section 384.

 
  

Section 606.

 

25

  

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

 
  

the end.

 

Schedule 4

Section 1327

 

Index of defined expressions

 

absolute interest (in Chapter 3 of Part 10)

section 935(1)

 

30

 

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)

  
 

the acquired securities (in Chapter 5 of Part 12)

section 1030(4)

 

35

 

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

section 856

 
 
 

Corporation Tax Bill
Schedule 4 — Index of defined expressions

798

 
 

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)

  
 

the aggregate income of the estate (in Chapter 3

section 947(1)

 
 

of Part 10)

  

5

 

alternative finance arrangements (in Parts 5 and

section 501(2)

 
 

6)

  
 

alternative finance return (in Part 6)

sections 511 to 513

 
 

amortised cost basis (in Parts 5 and 6)

section 313(4)

 
 

amount recognised in determining a company’s

section 308

 

10

 

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

  
 

amount recognised in determining a company’s

section 597

 
 

profit or loss for a period (in Part 7)

  
 

amounts recognised for accounting purposes (in

section 309(2)

 
 

Parts 5 and 6)

  

15

 

amounts recognised for accounting purposes (in

section 599

 
 

Part 7)

  
 

amounts recognised for accounting purposes (in

section 717(2)

 
 

Part 8)

  
 

animal (in Chapter 8 of Part 3)

section 110(1)

 

20

 

animal being added to a herd (in Chapter 8 of

section 110(6)

 
 

Part 3)

  
 

animals in a herd or part of a herd (in Chapter 8

section 110(3) to (5)

 
 

of Part 3)

  
 

approved, approval (in relation to a share

section 488(4) of ITEPA

 

25

 

incentive plan) (in Chapter 1 of Part 11)

2003 (see section 984(1)

 
  

and (2) of this Act)

 
 

arrangement (in Chapter 10 of Part 6)

section 559

 
 

assignment (in the application of the Act to

section 1320(1)

 
 

Scotland)

  

30

 

associate (in Parts 5 and 6)

section 417(3) of ICTA

 
  

(as applied by section

 
  

476(1))

 
 

associate (in Chapter 12 of Part 8)

section 417(3) of ICTA

 
  

(as applied by section

 

35

  

841(3))

 
 
 

Corporation Tax Bill
Schedule 4 — Index of defined expressions

799

 
 

associated company (in Chapter 1 of Part 11)

paragraph 94 of

 
  

Schedule 2 to ITEPA

 
  

2003 (see section 984(1)

 
  

and (2) of this Act)

 
 

the associated transactions condition (in Chapter

section 532

 

5

 

7 of Part 6)

  
 

assumed income entitlement (in Chapter 3 of

section 948(2), (3)

 
 

Part 10)

  
 

authorised unit trust

section 468(6) of ICTA

 
  

(as applied by section

 

10

  

832(1) of that Act)

 
 

award of shares (and references to shares

paragraph 5(1) and (2)

 
 

awarded) (in Chapter 1 of Part 11)

of Schedule 2 to ITEPA

 
  

2003 (see section 984(1)

 
  

and (2) of this Act)

 

15

 

bank (in Part 7)

section 710

 
 

the basic amount (in relation to estate income)

section 941(4)

 
 

(in Chapter 3 of Part 10)

  
 

basic life assurance and general annuity business

section 431F of ICTA

 
 

(abbreviated as “BLAGAB”)

(as applied by section

 

20

  

431(2) of that Act)

 
 

basic rate

section 1319

 
 

basic relieving amount by reference to a taxed

sections 228(4), 229(2),

 
 

receipt (in Chapter 4 of Part 4)

(4)

 
 

BLAGAB (in Chapter 10 of Part 5)

section 386(4)

 

25

 

body of persons

section 832(1) of ICTA

 
 

building society

section 832(1) of ICTA

 
 

capital allowance

section 832(1) of ICTA

 
 

capital cost of patent rights (in Chapter 3 of Part

section 913(4)

 
 

9)

  

30

 

capital redemption policy (in Part 7)

section 710

 
 

capped R&D expenditure (in Part 13)

section 1073

 
 

caravan

section 1314

 
 

carrying value (in Part 7)

section 702

 
 

Chapter 2 surrenderable loss (in Chapter 2 of

section 1055

 

35

 

Part 13)

  
 

Chapter 7 surrenderable loss (in Chapter 7 of

section 1104

 
 

Part 13)

  
 
 

Corporation Tax Bill
Schedule 4 — Index of defined expressions

800

 
 

the charge to corporation tax on income

section 2(3)

 
 

chargeable asset (in Part 7)

section 703

 
 

chargeable event (in Chapter 5 of Part 12)

section 1032

 
 

chargeable intangible asset (in Part 8)

section 741(1)

 
 

chargeable period

section 832(1) of ICTA

 

5

 

chargeable realisation gain (in Part 8)

section 741(2)

 
 

charity

section 1319

 
 

claim

section 1315

 
 

close company

sections 414 and 415 of

 
  

ICTA

 

10

 

collective investment scheme (in Parts 5 and 6)

section 476(1)

 
 

commercial association of companies (in Part 12)

section 1004(9)

 
 

commercial letting of furnished holiday

sections 265 to 268

 
 

accommodation (in Chapter 6 of Part 4)

  
 

company (except in Chapters 13 and 14 of Part 5,

section 832(1) of ICTA

 

15

 

Chapters 9 and 10 of Part 7, Chapter 8 of Part 8

(and see also section

 
 

and Chapter 1 of Part 11)

1273(2)(c) of this Act)

 
 

company (in Chapter 13 of Part 5)

section 430(1)

 
 

company (in Chapter 14 of Part 5)

section 439(1)

 
 

company (in Chapter 9 of Part 7)

section 681(1)

 

20

 

company (in Chapter 10 of Part 7)

section 688(1)

 
 

company (in Chapter 8 of Part 8)

section 764(2)

 
 

company (in Chapter 1 of Part 11)

paragraph 99(1) of

 
  

Schedule 2 to ITEPA

 
  

2003 (see section 984(1)

 

25

  

and (2) of this Act)

 
 

the company (in relation to a share incentive

paragraph 2(2) of

 
 

plan) (in Chapter 1 of Part 11)

Schedule 2 to ITEPA

 
  

2003 (see section 984(1)

 
  

and (2) of this Act)

 

30

 

the company (in Chapter 5 of Part 15)

section 1212(1)

 
 

company replacing another as party to a loan

section 338

 
 

relationship (in Chapter 4 of Part 5)

  
 

company replacing another as party to a

section 627

 
 

derivative contract (in Chapter 5 of Part 7)

  

35

 

company tax return (in Part 15)

section 1187

 
 
 

 
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