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
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