
Print Options
PrintThe Whole
Act
PrintThe Whole
Part
PrintThe Whole
Chapter
PrintThe Whole
Cross Heading
PrintThis
Section
only
Changes over time for: Section 29


Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 19/07/2006
Status:
Point in time view as at 01/12/2004. This version of this provision has been superseded.

Status
You are viewing this legislation item as it stood at a particular point in time. A later version of this or provision, including subsequent changes and effects, supersedes this version.
Note the term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section.
Changes to legislation:
Energy Act 2004, Section 29 is up to date with all changes known to be in force on or before 09 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.

Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
29Disregard for tax purposes of cancellation etc. of provisionsU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)This section applies where—
(a)a relevant provision is recognised in the accounts of a relevant company in accordance with generally accepted accounting practice;
(b)that provision relates to decommissioning or cleaning-up which the NDA acquires responsibility for securing by virtue of a direction under section 3; and
(c)that responsibility includes the financial responsibility under section 21.
(2)In computing the profits, gains or losses of the company for the purposes of corporation tax, no amount shall be brought into account in respect of a credit or debit to which subsection (3) applies.
(3)This subsection applies to a credit or debit if—
(a)it arises on the occurrence of an event mentioned in subsection (4); and
(b)it relates to the effect of that event on the relevant provision or the subject matter of the provision.
(4)The events referred to in subsection (3) are—
(a)the coming into force of the direction mentioned in subsection (1)(b); and
(b)a transfer of property, rights or liabilities of the company to the NDA or a subsidiary of the NDA in accordance with a nuclear transfer scheme authorised by section 39.
(5)In this section—
“BNFL company” means BNFL or a wholly-owned subsidiary of BNFL;
“relevant company” means a BNFL company that is publicly owned;
“relevant provision” means a provision for liabilities or charges as defined in paragraph 89 of Schedule 4 to the Companies Act 1985 (c. 6).
(6)This section is to be construed as one with the Corporation Tax Acts.
Yn ôl i’r brig