Finance Act 2002 (c. 23)

SCHEDULES

SCHEDULE 16 U.K. Community investment tax relief

Modifications etc. (not altering text)

C1 Sch. 16 modified by 2005 c. 7, s. 54A (as inserted (10.7.2008) by The Alternative Finance Arrangements (Community Investment Tax Relief) Order 2008 (S.I. 2008/1821), arts. 1, 2)

Part 6 U.K. Withdrawal of relief

Manner of withdrawal of relief U.K.

27 (1) This paragraph applies where any relief has been obtained which—

(a) is subsequently found not to have been due, or

(b) falls to be withdrawn or reduced under this Part.

F1 (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4) F2 ... the relief shall be withdrawn or reduced by making an assessment to corporation tax F3 ... for the accounting period for which the relief was obtained.

Textual Amendments

F1 Sch. 16 para. 27(2)(3) repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 419(16)(a), Sch. 3 Pt. 1 (with Sch. 2)

F2 Words in Sch. 16 para. 27(4) repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 419(16)(b), Sch. 3 Pt. 1 (with Sch. 2)

F3 Words in Sch. 16 para. 27(4) repealed (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 538, Sch. 3 Pt. 1 (with Sch. 2 Pts. 1, 2)

Commencement Information

I1 Sch. 16 para. 27 in force at 23.1.2003 by S.I. 2003/88, arts. 2, 3