|
| |
| | |
| | |
| |
| | |
| | |
| | |
| | For other Amendment(s) see the following page(s):
|
|
| | Finance (No. 3) Bill Committee 38-55 and 57-64 |
|
| | |
| | |
| | (except Clauses 4, 7, 10, 19, 35 and 72)
|
|
| | |
| | | |
| | Schedule 7, page 157, line 2, at end insert— |
|
| | | |
| | | | In Schedule 24 to ICTA (assumptions for calculating chargeable profits, |
|
| | | creditable tax and corresponding United Kingdom tax of foreign companies), |
|
| | | in paragraph 4 (reliefs under Corporation Tax Acts dependent upon the making |
|
| | | of a claim or election), after sub-paragraph (2) insert— |
|
| | | “(2B) | For the purposes of sub-paragraph (1) an election under section 9A |
|
| | | of CTA 2010 (designated currency of a UK resident investment |
|
| | | company) is not to be regarded as an election upon which relief |
|
| | | under the Corporation Tax Acts is dependent, and sub-paragraph |
|
| | | (2)(b) does not apply in relation to such an election. |
|
| | | (2C) | But if, by notice given to an officer of the Board, the United |
|
| | | Kingdom resident company which has or, as the case may be, any |
|
| | | two or more United Kingdom resident companies which together |
|
| | | have, a majority interest in the company so request, the company |
|
| | | shall be assumed (subject to section 9A(2) of CTA 2010) to have |
|
| | | made an election under section 9A of that Act in the form specified |
|
| | | in the notice (and accordingly that section and section 9B of that |
|
| | | Act apply to determine the effect (if any) of that election).”’ |
|
| | |
| | | |
| | Schedule 7, page 157, line 15, after ‘arises’ insert ‘(“the relevant period”)’. |
|
|
| |
| | |
| | |
| |
| | |
| | | |
| | Schedule 7, page 157, leave out lines 16 to 19 and insert— |
|
| | | ‘(b) | a change in the company’s functional currency (within the meaning of |
|
| | | section 17(4) of that Act) as between the relevant period and a period of |
|
| | | account ending in the 12 months immediately preceding that period.’. |
|
| | |
| | | |
| | Schedule 7, page 157, line 31, after ‘arises’ insert ‘(“the relevant period”)’. |
|
| | |
| | | |
| | Schedule 7, page 157, leave out lines 32 to 35 and insert— |
|
| | | ‘(b) | a change in the company’s functional currency (within the meaning of |
|
| | | section 17(4) of that Act) as between the relevant period and a period of |
|
| | | account ending in the 12 months immediately preceding that period.’. |
|
| | |
|
