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Energy Act 2004

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Changes over time for: SCHEDULE 4

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Status:

Point in time view as at 01/08/2020.

Changes to legislation:

Energy Act 2004, SCHEDULE 4 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Section 27

SCHEDULE 4U.K.Supplemental taxation provisions for exempt activities

This Atodlen has no associated Nodiadau Esboniadol

Exempt activities to be separate tradeU.K.

1U.K.Exempt activities carried on—

(a)by the NDA, or

(b)by a company while it is an NDA company,

are to be treated for corporation tax purposes as a separate trade distinct from all other activities carried on by the NDA or (as the case may be) that company.

Commencement Information

I1Sch. 4 para. 1 in force at 5.10.2004 by S.I. 2004/2575, art. 2(1), Sch. 1

Accounting periods of companies carrying on exempt activitiesU.K.

2(1)An accounting period of the NDA or of an NDA company ends (if it would not otherwise do so)—U.K.

(a)where it begins to carry on exempt activities, immediately before it begins to carry them on; and

(b)where it ceases to carry on such activities, immediately after it so ceases.

(2)An accounting period of a company which—

(a)becomes an NDA company, and

(b)is carrying on exempt activities immediately after becoming such a company,

ends (if it would not otherwise do so) when it becomes an NDA company.

(3)An accounting period of a company which—

(a)ceases to be an NDA company, and

(b)is carrying on exempt activities immediately before ceasing to be such a company,

ends (if it would not otherwise do so) when it ceases to be an NDA company.

Commencement Information

I2Sch. 4 para. 2 in force at 5.10.2004 by S.I. 2004/2575, art. 2(1), Sch. 1

Charges on income in connection with exempt activitiesU.K.

3U.K.[F1No qualifying charitable donations made]

(a)by the NDA, or

(b)by an NDA company,

in connection with the carrying on of exempt activities are to be deductible from its total profits under [F2Part 6 of the Corporation Tax Act 2010].

Textual Amendments

F1Words in Sch. 4 para. 3 substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 437(a) (with Sch. 2)

F2Words in Sch. 4 para. 3 substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 437(b) (with Sch. 2)

Commencement Information

I3Sch. 4 para. 3 in force at 5.10.2004 by S.I. 2004/2575, art. 2(1), Sch. 1

Finance leasing of plant and machineryU.K.

4(1)This paragraph applies where there is a finance lease in the case of which—U.K.

(a)the lessor is the NDA or an NDA company;

(b)the lessee is the NDA or an NDA company;

(c)the lessee is carrying on exempt activities; and

(d)the machinery or plant to which the lease relates is used by the lessee for the purposes of those activities.

(2)No allowance under Part 2 of the Capital Allowances Act 2001 (c. 2) (plant and machinery allowances) shall be available to the lessor in respect of qualifying expenditure on the provision of the plant or machinery for leasing under the lease.

(3)Expressions used in this paragraph and in Chapter 17 of Part 2 of the Capital Allowances Act 2001 (anti-avoidance provisions relating to plant and machinery allowances) have the same meanings in this paragraph as in that Chapter.

Commencement Information

I4Sch. 4 para. 4 in force at 5.10.2004 by S.I. 2004/2575, art. 2(1), Sch. 1

Mixed use of industrial buildingsU.K.

F35U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F3Sch. 4 para. 5 omitted (with effect in accordance with Sch. 27 para. 30(1) of the amending Act) by virtue of Finance Act 2008 (c. 9), Sch. 27 para. 25

Residue of qualifying expenditure on industrial buildingsU.K.

F46U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F4Sch. 4 para. 6 omitted (with effect in accordance with Sch. 27 para. 30(1) of the amending Act) by virtue of Finance Act 2008 (c. 9), Sch. 27 para. 25

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