The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2004

Amendments to the Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997

24.—(1) In regulation 30B(1)—

(a) in paragraph (2), for “(3), (10) and (11)” substitute “(3) and (10)”;

(b) after paragraph (4) insert—

“(4A) In subsection (11)(b), after the word “profit” insert the words “which is taxable”.

(4B) In subsection (11B)(b), before the words “BLAGAB profits” insert the word “taxable”.

(4C) In subsection (11C)(b), before the words “BLAGAB profits” insert the word “taxable”.”(2).

(2) This regulation has effect for the financial year 2003 and subsequent financial years.

(1)

Regulation 30B was inserted by S.I. 1999/2636.

(2)

Subsections (11), (11A), (11B) and (11C) of section 755A of the Income and Corporation Taxes Act 1988 were substituted by section 170 of, and paragraph 13 of Schedule 33 to, the Finance Act 2003.