Sch. 4 para. 2 in force at 1.4.2012 by S.I. 2011/2576, art. 5

http://www.legislation.gov.uk/ukpga/2011/4/schedule/4/paragraph/2Budget Responsibility and National Audit Act 2011An Act to make provision for a Charter for Budget Responsibility and for the publication of Financial Statements and Budget Reports; to establish the Office for Budget Responsibility; to make provision about the Comptroller and Auditor General and to establish a body corporate called the National Audit Office; to amend Schedules 5 and 7 to the Government of Wales Act 2006 in relation to the Auditor General for Wales; and for connected purposes.texttext/xmlenStatute Law Database2024-10-17Expert Participation2024-10-15SCHEDULESSCHEDULE 4Transitional provision relating to Part 2Tax consequences of transfers by virtue of paragraph 1(3)2(1)

For the purposes of the application of Part 5 of the Corporation Tax Act 2009 (loan relationships) in relation to a transfer by virtue of paragraph 1(3), the Comptroller and Auditor General and NAO are to be treated as if, at the time of the transfer, they were members of the same group.

(2)

In sub-paragraph (1) the reference to being members of the same group is to be read in accordance with section 335(6) of that Act.

This XML file does not appear to have any style information associated with it. The document tree is shown below.
<akomaNtoso xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xsi:schemaLocation="http://docs.oasis-open.org/legaldocml/ns/akn/3.0 http://docs.oasis-open.org/legaldocml/akn-core/v1.0/cos01/part2-specs/schemas/akomantoso30.xsd">
<act name="ukpga">
<meta>
<identification source="#">
<FRBRWork>
<FRBRthis value="http://www.legislation.gov.uk/id/ukpga/2011/4"/>
<FRBRuri value="http://www.legislation.gov.uk/id/ukpga/2011/4"/>
<FRBRdate date="2011-03-22" name="enacted"/>
<FRBRauthor href="http://www.legislation.gov.uk/id/legislature/UnitedKingdomParliament"/>
<FRBRcountry value="GB-UKM"/>
<FRBRnumber value="4"/>
<FRBRname value="2011 c. 4"/>
<FRBRprescriptive value="true"/>
</FRBRWork>
<FRBRExpression>
<FRBRthis value="http://www.legislation.gov.uk/ukpga/2011/4/2024-10-15"/>
<FRBRuri value="http://www.legislation.gov.uk/ukpga/2011/4/2024-10-15"/>
<FRBRdate date="2024-10-15" name="validFrom"/>
<FRBRauthor href="#"/>
<FRBRlanguage language="eng"/>
</FRBRExpression>
<FRBRManifestation>
<FRBRthis value="http://www.legislation.gov.uk/ukpga/2011/4/2024-10-15/data.akn"/>
<FRBRuri value="http://www.legislation.gov.uk/ukpga/2011/4/2024-10-15/data.akn"/>
<FRBRdate date="2024-11-22Z" name="transform"/>
<FRBRauthor href="http://www.legislation.gov.uk"/>
<FRBRformat value="application/akn+xml"/>
</FRBRManifestation>
</identification>
<lifecycle source="#">
<eventRef refersTo="#enactment" date="2011-03-22" eId="date-enacted" source="#"/>
<eventRef date="2012-04-01" eId="date-2012-04-01" source="#"/>
<eventRef date="2018-04-01" eId="date-2018-04-01" source="#"/>
<eventRef date="2024-10-15" eId="date-2024-10-15" source="#"/>
</lifecycle>
<analysis source="#">
<restrictions source="#">
<restriction refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction refersTo="#period-from-2024-10-15" type="jurisdiction"/>
<restriction href="#schedules" refersTo="#period-from-2018-04-01" type="jurisdiction"/>
<restriction href="#schedule-4" refersTo="#period-from-2012-04-01" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-tax-consequences-of-transfers-by-virtue-of-paragraph-13" refersTo="#period-from-2012-04-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-2" refersTo="#period-from-2012-04-01" type="jurisdiction"/>
</restrictions>
<otherAnalysis source="">
<uk:commentary href="#schedule-4-paragraph-2" refersTo="#key-5d502fe5dc27ee4d22c93d8d1b13e6d6"/>
</otherAnalysis>
</analysis>
<temporalData source="#">
<temporalGroup eId="period-from-2012-04-01">
<timeInterval start="#date-2012-04-01" refersTo="#"/>
</temporalGroup>
<temporalGroup eId="period-from-2018-04-01">
<timeInterval start="#date-2018-04-01" refersTo="#"/>
</temporalGroup>
<temporalGroup eId="period-from-2024-10-15">
<timeInterval start="#date-2024-10-15" refersTo="#"/>
</temporalGroup>
</temporalData>
<references source="#">
<TLCEvent eId="enactment" href="" showAs="EnactmentDate"/>
<TLCLocation eId="extent-e+w+s+ni" href="" showAs="E+W+S+N.I."/>
</references>
<notes source="#">
<note ukl:Name="Commentary" ukl:Type="I" class="commentary I" eId="key-5d502fe5dc27ee4d22c93d8d1b13e6d6" marker="I1">
<p>
<ref eId="cjr4vuw61-00383" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2011/4/schedule/4/paragraph/2">Sch. 4 para. 2</ref>
in force at 1.4.2012 by
<ref eId="cjr4vuw61-00384" href="http://www.legislation.gov.uk/id/uksi/2011/2576">S.I. 2011/2576</ref>
,
<ref eId="cjr4vuw61-00385" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2011/2576/article/5">art. 5</ref>
</p>
</note>
</notes>
<proprietary xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" source="#">
<dc:identifier>http://www.legislation.gov.uk/ukpga/2011/4/schedule/4/paragraph/2</dc:identifier>
<dc:title>Budget Responsibility and National Audit Act 2011</dc:title>
<dc:description>An Act to make provision for a Charter for Budget Responsibility and for the publication of Financial Statements and Budget Reports; to establish the Office for Budget Responsibility; to make provision about the Comptroller and Auditor General and to establish a body corporate called the National Audit Office; to amend Schedules 5 and 7 to the Government of Wales Act 2006 in relation to the Auditor General for Wales; and for connected purposes.</dc:description>
<dc:type>text</dc:type>
<dc:format>text/xml</dc:format>
<dc:language>en</dc:language>
<dc:publisher>Statute Law Database</dc:publisher>
<dc:modified>2024-10-17</dc:modified>
<dc:contributor>Expert Participation</dc:contributor>
<dct:valid>2024-10-15</dct:valid>
<ukm:PrimaryMetadata>
<ukm:DocumentClassification>
<ukm:DocumentCategory Value="primary"/>
<ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/>
<ukm:DocumentStatus Value="revised"/>
</ukm:DocumentClassification>
<ukm:Year Value="2011"/>
<ukm:Number Value="4"/>
<ukm:EnactmentDate Date="2011-03-22"/>
<ukm:ISBN Value="9780105404118"/>
</ukm:PrimaryMetadata>
<ukm:Notes>
<ukm:Note IdURI="http://www.legislation.gov.uk/id/ukpga/2011/4/schedule/4/paragraph/2/notes" DocumentURI="http://www.legislation.gov.uk/ukpga/2011/4/schedule/4/paragraph/2/notes"/>
<ukm:Alternatives>
<ukm:Alternative URI="http://www.legislation.gov.uk/ukpga/2011/4/pdfs/ukpgaen_20110004_en.pdf" Date="2011-04-04" Title="Explanatory Note" Size="152526"/>
</ukm:Alternatives>
</ukm:Notes>
<ukm:Alternatives>
<ukm:Alternative URI="http://www.legislation.gov.uk/ukpga/2011/4/pdfs/ukpga_20110004_en.pdf" Date="2011-03-23" Size="169000"/>
</ukm:Alternatives>
<ukm:Statistics>
<ukm:TotalParagraphs Value="154"/>
<ukm:BodyParagraphs Value="34"/>
<ukm:ScheduleParagraphs Value="120"/>
<ukm:AttachmentParagraphs Value="0"/>
<ukm:TotalImages Value="0"/>
</ukm:Statistics>
</proprietary>
</meta>
<body>
<hcontainer name="schedules" eId="schedules">
<heading>SCHEDULES</heading>
<hcontainer name="schedule" eId="schedule-4">
<num>SCHEDULE 4</num>
<heading>Transitional provision relating to Part 2</heading>
<hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-crossheading-tax-consequences-of-transfers-by-virtue-of-paragraph-13">
<heading>
<i>Tax consequences of transfers by virtue of paragraph 1(3)</i>
</heading>
<paragraph eId="schedule-4-paragraph-2" uk:target="true" class="schProv1">
<num>2</num>
<subparagraph eId="schedule-4-paragraph-2-1">
<num>(1)</num>
<content>
<p>For the purposes of the application of Part 5 of the Corporation Tax Act 2009 (loan relationships) in relation to a transfer by virtue of paragraph 1(3), the Comptroller and Auditor General and NAO are to be treated as if, at the time of the transfer, they were members of the same group.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-4-paragraph-2-2">
<num>(2)</num>
<content>
<p>In sub-paragraph (1) the reference to being members of the same group is to be read in accordance with section 335(6) of that Act.</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
</hcontainer>
</hcontainer>
</body>
</act>
</akomaNtoso>