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Finance Act 2008
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- UK Public General Acts
- 2008 c. 9
- SCHEDULE 40
- Paragraph 20
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Changes to legislation:
Finance Act 2008, Paragraph 20 is up to date with all changes known to be in force on or before 26 February 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
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Changes and effects yet to be applied to Schedule 40 Paragraph 20:
- Sch. 41 para. 6(1A) inserted by 2015 c. 11 Sch. 20 para. 10(2)
- Sch. 41 para. 6A(A1)(1) substituted for Sch. 41 para. 6A(1) by 2015 c. 11 Sch. 20 para. 11(2)
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- Sch. 41 para. 6(1A) inserted by 2015 c. 11 Sch. 20 para. 10(2)
- Sch. 41 para. 6A(A1)(1) substituted for Sch. 41 para. 6A(1) by 2015 c. 11 Sch. 20 para. 11(2)
20(1)Paragraph 28 (interpretation) is amended as follows.U.K.
(2)In paragraph (c) (meaning of “direct tax”), omit “and” after paragraph (ii) and after paragraph (iii) insert “and
(iv)petroleum revenue tax,”.
F1(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)In paragraph (f), insert at the end “ against tax or to a payment of a corporation tax credit ”.
(5)After that paragraph insert—
“(fa)“corporation tax credit” means—
(i)an R&D tax credit under Schedule 20 to FA 2000,
(ii)a land remediation tax credit or life assurance company tax credit under Schedule 22 to FA 2001,
(iii)a tax credit under Schedule 13 to FA 2002 (vaccine research etc),
(iv)a film tax credit under Schedule 5 to FA 2006, or
(v)a first-year tax credit under Schedule A1 to CAA 2001,”.
Textual Amendments
F1Sch. 40 para. 20(3) omitted (21.7.2009) by virtue of Finance Act 2009 (c. 10), Sch. 57 para. 14(b)
Commencement Information
I1Sch. 40 para. 20 in force at 1.4.2009 by S.I. 2009/571, art. 2
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