http://www.legislation.gov.uk/ukpga/1991/31/schedule/15/crossheading/the-income-and-corporation-taxes-act-1988-c-1/2012-07-17Finance Act 1991An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.1991-07-25texttext/xmlenStatute Law Database2024-05-17Expert Participation2012-07-17 SCHEDULESSCHEDULE 15 RELIEF FOR COMPANY TRADING LOSSES The Income and Corporation Taxes Act 1988 (c. 1)3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22In section 825 of that Act, in subsection (4) (restrictions on repayment supplement) after paragraph (b) there shall be added the wordsand ca repayment of corporation tax or income tax falling to be made as a result of a claim under section 393A(1) to have the whole or any part of a loss incurred in an accounting period set off against profits of an earlier accounting period ( “the earlier period)—ishall, in a case where the earlier period falls wholly within the period of twelve months immediately preceding the accounting period in which the loss was incurred, be treated as a repayment of tax paid for the earlier period; andiiin any other case, shall be treated as a repayment of tax paid for the accounting period in which the loss is incurred; andda payment of the whole or part of a tax credit falling to be made as a result of a claim under section 242, to the extent that a surplus of franked investment income for an accounting period (the “earlier period) is treated as there mentioned for the purpose of setting a loss incurred in a later accounting period against total profits under section 393A(1)—ishall, in a case where the earlier period falls wholly within the period of twelve months immediately preceding the accounting period in which the loss is incurred, be treated as a payment in respect of franked investment income received in the earlier period; andiiin any other case, shall be treated as a payment in respect of franked investment income received in the accounting period in which the loss is incurred.23In section 826 of that Act (interest on tax overpaid) after subsection (7) there shall be inserted—7AIn any case where—aa company carrying on a trade incurs a loss in the trade in an accounting period ( “the later period),bas a result of a claim under section 393A(1), the whole or any part of that loss is set off for the purposes of corporation tax against profits (of whatever description) of an earlier accounting period ( “the earlier period) which does not fall wholly within the period of twelve months immediately preceding the later period, andca repayment falls to be made of corporation tax paid for the earlier period or of income tax in respect of a payment received by the company in that accounting period,then, in determining the amount of interest (if any) payable under this section on the repayment referred to in paragraph (c) above, no account shall be taken of any increase in the amount of that repayment as a result of the claim under section 393A(1), except so far as concerns interest for any time after the date on which any corporation tax for the later period became (or, as the case may be, would have become) due and payable, as mentioned in subsection (2) above.7BIn any case where—aa company carrying on a trade incurs a loss in the trade in an accounting period ( “the later period),bas a result of a claim under section 242, the whole or any part of a surplus of franked investment income for an earlier accounting period (the “earlier period) which does not fall wholly within the period of twelve months immediately preceding the later period is treated as there mentioned for the purpose of setting the loss against total profits under section 393A(1), andca payment falls to be made of the whole or part of a tax credit comprised in franked investment income received by the company in the earlier period,then, in determining the amount of interest (if any) payable under this section on the payment referred to in paragraph (c) above, no account shall be taken of any increase in the amount of that payment as a result of the claim under section 242 (to the extent that that section relates to section 393A(1)), except so far as concerns interest for any time after the date on which any corporation tax for the later period became (or, as the case may be, would have become) due and payable, as mentioned in subsection (2) above.24In section 843 of that Act (commencement) in subsection (4) (exceptions in the case of certain provisions which include section 394) “394” shall be omitted.25In Schedule 5 to that Act (treatment of farm animals etc for purposes of Case I of Schedule D) in paragraph 2(3)(a) (election for herd basis to be valid only if made not later than two years after end of the first chargeable period in which relief under section 393(2) given etc) after “393(2)” there shall be inserted “or 393A(1) ”.26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .271In Schedule 30 to that Act (transitional provisions and savings) in paragraph 2 (duration of leases) in sub-paragraph (2)(a) (section 38 deemed to have effect as from passing of Finance Act 1963 in respect of relief under section 385 or 393) after “393” there shall be inserted the words “or 393A(1) ”.2In paragraph 3 of that Schedule (duration of leases) in sub-paragraph (1)(b) (sections 24 and 38 to have effect subject to modifications except to extent that section 38 relates to relief under section 385 or 393) after “393” there shall be inserted the words “or 393A(1) ”.Sch. 15 para. 5 repealed (31.7.1997 with effect in accordance with s. 20 of the amending Act) by 1997 c. 58, s. 52, Sch. 8 Pt. II(4), NoteSch. 15 para. 6 repealed (31.7.1997 with effect in accordance with s. 20 of the amending Act) by 1997 c. 58, s. 52, Sch. 8 Pt. II(4), NoteSch. 15 para. 9 repealed (27.7.1993 with effect in relation to accounting periods ending after the day appointed for the purposes of s. 10 of the Income and Corporation Taxes Act 1988) by 1993 c. 34, s. 213, Sch. 23 Pt.III.Sch. 15 para. 13 repealed (31.7.1998 with effect in accordance with s. 38(2)(3) of the amending Act) by 1998 c. 36, ss. 38(2)(3), 165, Sch. 27 Pt. III(4), NoteSch. 15 para. 18 repealed (the repeal coming into force in accordance with s. 39(4)(5) of the repealing Act) by 1995 c. 4, ss. 39(4)(5), 162, Sch. 29 Pt. VIII(1) NoteSch. 15 para. 26 repealed (31.7.1998 with effect in accordance with s. 38(2)(3) of the amending Act) by 1998 c. 36, ss. 38(2)(3), 165, Sch. 27 Pt. III(4), Note1963 c. 25. Sch. 15 para. 16 repealed (with effect in accordance with s. 38 of the amending Act) by Finance Act 2007 (c. 11), Sch. 27 Pt. 2(7)Sch. 15 para. 3 repealed (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 3 Pt. 1 (with Sch. 2 Pts. 1, 2)Sch. 15 paras. 10-12 repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)Sch. 15 paras. 19-21 repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)Sch. 15 para. 4 repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)Sch. 15 paras. 7, 8 repealed (1.4.2010) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)Sch. 15 para. 14 repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)Sch. 15 para. 17 repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)Sch. 15 para. 15 omitted (17.7.2012) by virtue of Finance Act 2012 (c. 14), Sch. 16 para. 247(c)(ii)
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<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/13/2012-07-17" IdURI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/13" RestrictExtent="E+W+S+N.I." RestrictStartDate="1997-07-31" id="schedule-15-paragraph-13">
<Pnumber>
<CommentaryRef Ref="c12039491"/>
13
</Pnumber>
<P1para>
<UnorderedList Decoration="none">
<ListItem>
<Para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</Para>
</ListItem>
</UnorderedList>
</P1para>
</P1>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/14/2012-07-17" IdURI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/14" RestrictStartDate="2010-04-01" id="schedule-15-paragraph-14">
<Pnumber>
<CommentaryRef Ref="key-462c93fc4c830bb73ab03f2acc232fea"/>
14
</Pnumber>
<P1para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P1para>
</P1>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/15/2012-07-17" IdURI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/15" RestrictStartDate="2012-07-17" id="schedule-15-paragraph-15">
<Pnumber>
<CommentaryRef Ref="key-7ecf6b2195d1d26bf36038de92639867"/>
15
</Pnumber>
<P1para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P1para>
</P1>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/16/2012-07-17" IdURI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/16" RestrictStartDate="2007-07-19" id="schedule-15-paragraph-16">
<Pnumber>
<CommentaryRef Ref="key-bcf56adc585ccebdb5bf3eb12ab592dd"/>
16
</Pnumber>
<P1para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P1para>
</P1>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/17/2012-07-17" IdURI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/17" RestrictStartDate="2010-04-01" id="schedule-15-paragraph-17">
<Pnumber>
<CommentaryRef Ref="key-edf73cd084ebbd672bad5f8e7c336cd6"/>
17
</Pnumber>
<P1para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P1para>
</P1>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/18/2012-07-17" IdURI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/18" RestrictExtent="E+W+S+N.I." RestrictStartDate="1995-05-01" id="schedule-15-paragraph-18">
<Pnumber>
<CommentaryRef Ref="c12039501"/>
18
</Pnumber>
<P1para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P1para>
</P1>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/19/2012-07-17" IdURI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/19" id="schedule-15-paragraph-19" RestrictStartDate="2010-04-01">
<Pnumber>
<CommentaryRef Ref="key-2e60608d13cd0bb6620fd9597935f805"/>
19
</Pnumber>
<P1para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P1para>
</P1>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/20/2012-07-17" IdURI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/20" id="schedule-15-paragraph-20" RestrictStartDate="2010-04-01">
<Pnumber>
<CommentaryRef Ref="key-2e60608d13cd0bb6620fd9597935f805"/>
20
</Pnumber>
<P1para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P1para>
</P1>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/21/2012-07-17" IdURI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/21" id="schedule-15-paragraph-21" RestrictStartDate="2010-04-01">
<Pnumber>
<CommentaryRef Ref="key-2e60608d13cd0bb6620fd9597935f805"/>
21
</Pnumber>
<P1para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P1para>
</P1>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/22/2012-07-17" IdURI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/22" RestrictStartDate="1991-07-25" id="schedule-15-paragraph-22">
<Pnumber>22</Pnumber>
<P1para>
<Text>In section 825 of that Act, in subsection (4) (restrictions on repayment supplement) after paragraph (b) there shall be added the words</Text>
<BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default">
<Text>and </Text>
<P3>
<Pnumber>c</Pnumber>
<P3para>
<Text>a repayment of corporation tax or income tax falling to be made as a result of a claim under section 393A(1) to have the whole or any part of a loss incurred in an accounting period set off against profits of an earlier accounting period ( “the earlier period)—</Text>
<P4>
<Pnumber>i</Pnumber>
<P4para>
<Text>shall, in a case where the earlier period falls wholly within the period of twelve months immediately preceding the accounting period in which the loss was incurred, be treated as a repayment of tax paid for the earlier period; and</Text>
</P4para>
</P4>
<P4>
<Pnumber>ii</Pnumber>
<P4para>
<Text>in any other case, shall be treated as a repayment of tax paid for the accounting period in which the loss is incurred; and</Text>
</P4para>
</P4>
</P3para>
</P3>
<P3>
<Pnumber>d</Pnumber>
<P3para>
<Text>a payment of the whole or part of a tax credit falling to be made as a result of a claim under section 242, to the extent that a surplus of franked investment income for an accounting period (the “earlier period) is treated as there mentioned for the purpose of setting a loss incurred in a later accounting period against total profits under section 393A(1)—</Text>
<P4>
<Pnumber>i</Pnumber>
<P4para>
<Text>shall, in a case where the earlier period falls wholly within the period of twelve months immediately preceding the accounting period in which the loss is incurred, be treated as a payment in respect of franked investment income received in the earlier period; and</Text>
</P4para>
</P4>
<P4>
<Pnumber>ii</Pnumber>
<P4para>
<Text>in any other case, shall be treated as a payment in respect of franked investment income received in the accounting period in which the loss is incurred.</Text>
</P4para>
</P4>
</P3para>
</P3>
</BlockAmendment>
</P1para>
</P1>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/23/2012-07-17" IdURI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/23" RestrictStartDate="1991-07-25" id="schedule-15-paragraph-23">
<Pnumber>23</Pnumber>
<P1para>
<Text>In section 826 of that Act (interest on tax overpaid) after subsection (7) there shall be inserted—</Text>
<BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default">
<P2>
<Pnumber>7A</Pnumber>
<P2para>
<Text>In any case where—</Text>
<P3>
<Pnumber>a</Pnumber>
<P3para>
<Text>a company carrying on a trade incurs a loss in the trade in an accounting period ( “the later period),</Text>
</P3para>
</P3>
<P3>
<Pnumber>b</Pnumber>
<P3para>
<Text>as a result of a claim under section 393A(1), the whole or any part of that loss is set off for the purposes of corporation tax against profits (of whatever description) of an earlier accounting period ( “the earlier period) which does not fall wholly within the period of twelve months immediately preceding the later period, and</Text>
</P3para>
</P3>
<P3>
<Pnumber>c</Pnumber>
<P3para>
<Text>a repayment falls to be made of corporation tax paid for the earlier period or of income tax in respect of a payment received by the company in that accounting period,</Text>
</P3para>
</P3>
<Text>then, in determining the amount of interest (if any) payable under this section on the repayment referred to in paragraph (c) above, no account shall be taken of any increase in the amount of that repayment as a result of the claim under section 393A(1), except so far as concerns interest for any time after the date on which any corporation tax for the later period became (or, as the case may be, would have become) due and payable, as mentioned in subsection (2) above.</Text>
</P2para>
</P2>
<P2>
<Pnumber>7B</Pnumber>
<P2para>
<Text>In any case where—</Text>
<P3>
<Pnumber>a</Pnumber>
<P3para>
<Text>a company carrying on a trade incurs a loss in the trade in an accounting period ( “the later period),</Text>
</P3para>
</P3>
<P3>
<Pnumber>b</Pnumber>
<P3para>
<Text>as a result of a claim under section 242, the whole or any part of a surplus of franked investment income for an earlier accounting period (the “earlier period) which does not fall wholly within the period of twelve months immediately preceding the later period is treated as there mentioned for the purpose of setting the loss against total profits under section 393A(1), and</Text>
</P3para>
</P3>
<P3>
<Pnumber>c</Pnumber>
<P3para>
<Text>a payment falls to be made of the whole or part of a tax credit comprised in franked investment income received by the company in the earlier period,</Text>
</P3para>
</P3>
<Text>then, in determining the amount of interest (if any) payable under this section on the payment referred to in paragraph (c) above, no account shall be taken of any increase in the amount of that payment as a result of the claim under section 242 (to the extent that that section relates to section 393A(1)), except so far as concerns interest for any time after the date on which any corporation tax for the later period became (or, as the case may be, would have become) due and payable, as mentioned in subsection (2) above.</Text>
</P2para>
</P2>
</BlockAmendment>
</P1para>
</P1>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/24/2012-07-17" IdURI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/24" RestrictStartDate="1991-07-25" id="schedule-15-paragraph-24">
<Pnumber>24</Pnumber>
<P1para>
<Text>In section 843 of that Act (commencement) in subsection (4) (exceptions in the case of certain provisions which include section 394) “394” shall be omitted.</Text>
</P1para>
</P1>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/25/2012-07-17" IdURI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/25" RestrictStartDate="1991-07-25" id="schedule-15-paragraph-25">
<Pnumber>25</Pnumber>
<P1para>
<Text>
In Schedule 5 to that Act (treatment of farm animals etc for purposes of Case I of Schedule D) in paragraph 2(3)(a) (election for herd basis to be valid only if made not later than two years after end of the first chargeable period in which relief under section 393(2) given etc) after “393(2)” there shall be inserted
<InlineAmendment>“or 393A(1) ”</InlineAmendment>
.
</Text>
</P1para>
</P1>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/26/2012-07-17" IdURI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/26" RestrictExtent="E+W+S+N.I." RestrictStartDate="1997-07-31" id="schedule-15-paragraph-26">
<Pnumber>
<CommentaryRef Ref="c12039511"/>
26
</Pnumber>
<P1para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P1para>
</P1>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/27/2012-07-17" IdURI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/27" RestrictStartDate="1991-07-25" id="schedule-15-paragraph-27">
<Pnumber>27</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/27/1/2012-07-17" IdURI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/27/1" id="schedule-15-paragraph-27-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>
In Schedule 30 to that Act (transitional provisions and savings) in paragraph 2 (duration of leases) in sub-paragraph (2)(a) (section 38 deemed to have effect as from passing of
<CommentaryRef Ref="c12039521"/>
Finance Act 1963 in respect of relief under section 385 or 393) after “393” there shall be inserted the words
<InlineAmendment>“or 393A(1) ”</InlineAmendment>
.
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/27/2/2012-07-17" IdURI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/27/2" id="schedule-15-paragraph-27-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>
In paragraph 3 of that Schedule (duration of leases) in sub-paragraph (1)(b) (sections 24 and 38 to have effect subject to modifications except to extent that section 38 relates to relief under section 385 or 393) after “393” there shall be inserted the words
<InlineAmendment>“or 393A(1) ”</InlineAmendment>
.
</Text>
</P2para>
</P2>
</P1para>
</P1>
</Pblock>
</ScheduleBody>
</Schedule>
</Schedules>
</Primary>
<Commentaries>
<Commentary id="c12039461" Type="F">
<Para>
<Text>
<CitationSubRef id="c01016" URI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/5" SectionRef="schedule-15-paragraph-5">Sch. 15 para. 5</CitationSubRef>
repealed (31.7.1997 with effect in accordance with
<CitationSubRef CitationRef="c01018" id="c01017" URI="http://www.legislation.gov.uk/id/ukpga/1997/58/section/20" SectionRef="section-20">s. 20</CitationSubRef>
of the amending Act) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1997/58" id="c01018" Year="1997" Class="UnitedKingdomPublicGeneralAct" Number="58">1997 c. 58</Citation>
,
<CitationSubRef CitationRef="c01018" id="c01019" URI="http://www.legislation.gov.uk/id/ukpga/1997/58/section/52" SectionRef="section-52">s. 52</CitationSubRef>
,
<CitationSubRef CitationRef="c01018" id="c01020" URI="http://www.legislation.gov.uk/id/ukpga/1997/58/schedule/8/part/II/4" Operative="true" SectionRef="schedule-8-part-II-4">Sch. 8 Pt. II(4)</CitationSubRef>
, Note
</Text>
</Para>
</Commentary>
<Commentary id="c12039471" Type="F">
<Para>
<Text>
<CitationSubRef id="c01021" URI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/6" SectionRef="schedule-15-paragraph-6">Sch. 15 para. 6</CitationSubRef>
repealed (31.7.1997 with effect in accordance with
<CitationSubRef CitationRef="c01023" id="c01022" URI="http://www.legislation.gov.uk/id/ukpga/1997/58/section/20" SectionRef="section-20">s. 20</CitationSubRef>
of the amending Act) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1997/58" id="c01023" Year="1997" Class="UnitedKingdomPublicGeneralAct" Number="58">1997 c. 58</Citation>
,
<CitationSubRef CitationRef="c01023" id="c01024" URI="http://www.legislation.gov.uk/id/ukpga/1997/58/section/52" SectionRef="section-52">s. 52</CitationSubRef>
,
<CitationSubRef CitationRef="c01023" id="c01025" URI="http://www.legislation.gov.uk/id/ukpga/1997/58/schedule/8/part/II/4" Operative="true" SectionRef="schedule-8-part-II-4">Sch. 8 Pt. II(4)</CitationSubRef>
, Note
</Text>
</Para>
</Commentary>
<Commentary id="c12039481" Type="F">
<Para>
<Text>
<CitationSubRef id="c01026" URI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/9" SectionRef="schedule-15-paragraph-9">Sch. 15 para. 9</CitationSubRef>
repealed (27.7.1993 with effect in relation to accounting periods ending after the day appointed for the purposes of s. 10 of the Income and Corporation Taxes Act 1988) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1993/34" id="c01027" Year="1993" Class="UnitedKingdomPublicGeneralAct" Number="34">1993 c. 34</Citation>
,
<CitationSubRef CitationRef="c01027" id="c01028" URI="http://www.legislation.gov.uk/id/ukpga/1993/34/section/213" SectionRef="section-213">s. 213</CitationSubRef>
,
<CitationSubRef CitationRef="c01027" id="c01029" URI="http://www.legislation.gov.uk/id/ukpga/1993/34/schedule/23/part/III" Operative="true" SectionRef="schedule-23-part-III">Sch. 23 Pt.III</CitationSubRef>
.
</Text>
</Para>
</Commentary>
<Commentary id="c12039491" Type="F">
<Para>
<Text>
<CitationSubRef id="c01030" URI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/13" SectionRef="schedule-15-paragraph-13">Sch. 15 para. 13</CitationSubRef>
repealed (31.7.1998 with effect in accordance with
<CitationSubRef CitationRef="c01032" id="c01031" URI="http://www.legislation.gov.uk/id/ukpga/1998/36/section/38/2/3" SectionRef="section-38-2-3">s. 38(2)(3)</CitationSubRef>
of the amending Act) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1998/36" id="c01032" Year="1998" Class="UnitedKingdomPublicGeneralAct" Number="36">1998 c. 36</Citation>
,
<CitationSubRef CitationRef="c01032" id="c01033" URI="http://www.legislation.gov.uk/id/ukpga/1998/36/section/38/2/3" SectionRef="section-38-2-3">ss. 38(2)(3)</CitationSubRef>
,
<CitationSubRef CitationRef="c01032" id="c01034" URI="http://www.legislation.gov.uk/id/ukpga/1998/36/section/165" SectionRef="section-165">165</CitationSubRef>
,
<CitationSubRef CitationRef="c01032" id="c01035" URI="http://www.legislation.gov.uk/id/ukpga/1998/36/schedule/27/part/III/4" Operative="true" SectionRef="schedule-27-part-III-4">Sch. 27 Pt. III(4)</CitationSubRef>
, Note
</Text>
</Para>
</Commentary>
<Commentary id="c12039501" Type="F">
<Para>
<Text>
<CitationSubRef id="c01036" URI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/18" SectionRef="schedule-15-paragraph-18">Sch. 15 para. 18</CitationSubRef>
repealed (the repeal coming into force in accordance with s. 39(4)(5) of the repealing Act) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1995/4" id="c01037" Year="1995" Class="UnitedKingdomPublicGeneralAct" Number="4">1995 c. 4</Citation>
,
<CitationSubRef CitationRef="c01037" id="c01038" URI="http://www.legislation.gov.uk/id/ukpga/1995/4/section/39/4/5" SectionRef="section-39-4-5">ss. 39(4)(5)</CitationSubRef>
,
<CitationSubRef CitationRef="c01037" id="c01039" URI="http://www.legislation.gov.uk/id/ukpga/1995/4/section/162" SectionRef="section-162">162</CitationSubRef>
,
<CitationSubRef CitationRef="c01037" id="c01040" URI="http://www.legislation.gov.uk/id/ukpga/1995/4/schedule/29/part/VIII/1" Operative="true" SectionRef="schedule-29-part-VIII-1">Sch. 29 Pt. VIII(1)</CitationSubRef>
Note
</Text>
</Para>
</Commentary>
<Commentary id="c12039511" Type="F">
<Para>
<Text>
<CitationSubRef id="c01041" URI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/26" SectionRef="schedule-15-paragraph-26">Sch. 15 para. 26</CitationSubRef>
repealed (31.7.1998 with effect in accordance with
<CitationSubRef CitationRef="c01043" id="c01042" URI="http://www.legislation.gov.uk/id/ukpga/1998/36/section/38/2/3" SectionRef="section-38-2-3">s. 38(2)(3)</CitationSubRef>
of the amending Act) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1998/36" id="c01043" Year="1998" Class="UnitedKingdomPublicGeneralAct" Number="36">1998 c. 36</Citation>
,
<CitationSubRef CitationRef="c01043" id="c01044" URI="http://www.legislation.gov.uk/id/ukpga/1998/36/section/38/2/3" SectionRef="section-38-2-3">ss. 38(2)(3)</CitationSubRef>
,
<CitationSubRef CitationRef="c01043" id="c01045" URI="http://www.legislation.gov.uk/id/ukpga/1998/36/section/165" SectionRef="section-165">165</CitationSubRef>
,
<CitationSubRef CitationRef="c01043" id="c01046" URI="http://www.legislation.gov.uk/id/ukpga/1998/36/schedule/27/part/III/4" Operative="true" SectionRef="schedule-27-part-III-4">Sch. 27 Pt. III(4)</CitationSubRef>
, Note
</Text>
</Para>
</Commentary>
<Commentary id="c12039521" Type="M">
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1963/25" id="c01047" Year="1963" Class="UnitedKingdomPublicGeneralAct" Number="25">1963 c. 25</Citation>
.
</Text>
</Para>
</Commentary>
<Commentary xmlns:leg="http://www.legislation.gov.uk/namespaces/legislation" id="key-bcf56adc585ccebdb5bf3eb12ab592dd" Type="F">
<Para>
<Text>
<CitationSubRef id="ccd8e120221102163603371Z" URI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/16" SectionRef="schedule-15-paragraph-16">Sch. 15 para. 16</CitationSubRef>
repealed (with effect in accordance with
<CitationSubRef id="ccd8e420221102163603371Z" CitationRef="d10e7" URI="http://www.legislation.gov.uk/id/ukpga/2007/11/section/38" SectionRef="section-38">s. 38</CitationSubRef>
of the amending Act) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2007/11" id="d10e7" Year="2007" Class="UnitedKingdomPublicGeneralAct" Number="11" Title="Finance Act 2007">Finance Act 2007 (c. 11)</Citation>
,
<CitationSubRef id="ccd8e1020221102163603371Z" CitationRef="d10e7" URI="http://www.legislation.gov.uk/id/ukpga/2007/11/schedule/27/part/2/7" Operative="true" SectionRef="schedule-27-part-2-7">Sch. 27 Pt. 2(7)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-db0e71a762a9976ffe312c90c6ca94f3" Type="F">
<Para>
<Text>
<CitationSubRef id="crj8lbba4-00004" SectionRef="schedule-15-paragraph-3" URI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/3">Sch. 15 para. 3</CitationSubRef>
repealed (with effect in accordance with s. 1329(1) of the amending Act) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2009/4" id="crj8lbba4-00005" Class="UnitedKingdomPublicGeneralAct" Year="2009" Number="4" Title="Corporation Tax Act 2009">Corporation Tax Act 2009 (c. 4)</Citation>
,
<CitationSubRef CitationRef="crj8lbba4-00005" id="crj8lbba4-00006" SectionRef="section-1329-1" URI="http://www.legislation.gov.uk/id/ukpga/2009/4/section/1329/1">s. 1329(1)</CitationSubRef>
,
<CitationSubRef CitationRef="crj8lbba4-00005" id="crj8lbba4-00007" SectionRef="schedule-3-part-1" URI="http://www.legislation.gov.uk/id/ukpga/2009/4/schedule/3/part/1" Operative="true">Sch. 3 Pt. 1</CitationSubRef>
(with
<CitationSubRef CitationRef="crj8lbba4-00005" id="crj8lbba4-00008" SectionRef="schedule-2-part-1" URI="http://www.legislation.gov.uk/id/ukpga/2009/4/schedule/2/part/1">Sch. 2 Pts. 1</CitationSubRef>
,
<CitationSubRef CitationRef="crj8lbba4-00005" id="crj8lbba4-00009" SectionRef="schedule-2-part-2" URI="http://www.legislation.gov.uk/id/ukpga/2009/4/schedule/2/part/2">2</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-70fe56ff2cec19dd7523a1fcc4f79ab1" Type="F">
<Para>
<Text>
<CitationSubRef id="crka5ch04-00029" StartSectionRef="schedule-15-paragraph-10" EndSectionRef="schedule-15-paragraph-12" URI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/10" UpTo="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/12">Sch. 15 paras. 10-12</CitationSubRef>
repealed (with effect in accordance with s. 1184(1) of the amending Act) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2010/4" id="crka5ch04-00030" Class="UnitedKingdomPublicGeneralAct" Year="2010" Number="4" Title="Corporation Tax Act 2010">Corporation Tax Act 2010 (c. 4)</Citation>
,
<CitationSubRef CitationRef="crka5ch04-00030" id="crka5ch04-00031" SectionRef="section-1184-1" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/section/1184/1">s. 1184(1)</CitationSubRef>
,
<CitationSubRef CitationRef="crka5ch04-00030" id="crka5ch04-00032" SectionRef="schedule-3-part-1" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/3/part/1" Operative="true">Sch. 3 Pt. 1</CitationSubRef>
(with
<CitationSubRef CitationRef="crka5ch04-00030" id="crka5ch04-00033" SectionRef="schedule-2" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/2">Sch. 2</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-2e60608d13cd0bb6620fd9597935f805" Type="F">
<Para>
<Text>
<CitationSubRef id="crka5ch04-00038" StartSectionRef="schedule-15-paragraph-19" EndSectionRef="schedule-15-paragraph-21" URI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/19" UpTo="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/21">Sch. 15 paras. 19-21</CitationSubRef>
repealed (with effect in accordance with s. 1184(1) of the amending Act) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2010/4" id="crka5ch04-00039" Class="UnitedKingdomPublicGeneralAct" Year="2010" Number="4" Title="Corporation Tax Act 2010">Corporation Tax Act 2010 (c. 4)</Citation>
,
<CitationSubRef CitationRef="crka5ch04-00039" id="crka5ch04-00040" SectionRef="section-1184-1" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/section/1184/1">s. 1184(1)</CitationSubRef>
,
<CitationSubRef CitationRef="crka5ch04-00039" id="crka5ch04-00041" SectionRef="schedule-3-part-1" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/3/part/1" Operative="true">Sch. 3 Pt. 1</CitationSubRef>
(with
<CitationSubRef CitationRef="crka5ch04-00039" id="crka5ch04-00042" SectionRef="schedule-2" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/2">Sch. 2</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-2409c5c49be57e236f94b3ef4223a6c2" Type="F">
<Para>
<Text>
<CitationSubRef id="crkanyao4-00004" SectionRef="schedule-15-paragraph-4" URI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/4">Sch. 15 para. 4</CitationSubRef>
repealed (with effect in accordance with s. 1184(1) of the amending Act) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2010/4" id="crkanyao4-00005" Class="UnitedKingdomPublicGeneralAct" Year="2010" Number="4" Title="Corporation Tax Act 2010">Corporation Tax Act 2010 (c. 4)</Citation>
,
<CitationSubRef CitationRef="crkanyao4-00005" id="crkanyao4-00006" SectionRef="section-1184-1" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/section/1184/1">s. 1184(1)</CitationSubRef>
,
<CitationSubRef CitationRef="crkanyao4-00005" id="crkanyao4-00007" SectionRef="schedule-3-part-1" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/3/part/1" Operative="true">Sch. 3 Pt. 1</CitationSubRef>
(with
<CitationSubRef CitationRef="crkanyao4-00005" id="crkanyao4-00008" SectionRef="schedule-2" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/2">Sch. 2</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary xmlns:leg="http://www.legislation.gov.uk/namespaces/legislation" id="key-50c3a43953dcb85f7a730b089e60822a" Type="F">
<Para>
<Text>
<CitationSubRef id="ccd8e120221102180016816Z" URI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/7" SectionRef="schedule-15-paragraph-7">Sch. 15 paras. 7</CitationSubRef>
,
<CitationSubRef id="ccd8e420221102180016816Z" URI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/8" SectionRef="schedule-15-paragraph-8">8</CitationSubRef>
repealed (1.4.2010) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2010/4" id="d10e7" Year="2010" Class="UnitedKingdomPublicGeneralAct" Number="4" Title="Corporation Tax Act 2010">Corporation Tax Act 2010 (c. 4)</Citation>
,
<CitationSubRef id="ccd8e1020221102180016816Z" CitationRef="d10e7" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/section/1184/1" SectionRef="section-1184-1">s. 1184(1)</CitationSubRef>
,
<CitationSubRef id="ccd8e1320221102180016816Z" CitationRef="d10e7" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/3/part/1" Operative="true" SectionRef="schedule-3-part-1">Sch. 3 Pt. 1</CitationSubRef>
(with
<CitationSubRef id="ccd8e1620221102180016816Z" CitationRef="d10e7" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-462c93fc4c830bb73ab03f2acc232fea" Type="F">
<Para>
<Text>
<CitationSubRef id="crkaqtag4-00004" SectionRef="schedule-15-paragraph-14" URI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/14">Sch. 15 para. 14</CitationSubRef>
repealed (with effect in accordance with s. 1184(1) of the amending Act) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2010/4" id="crkaqtag4-00005" Class="UnitedKingdomPublicGeneralAct" Year="2010" Number="4" Title="Corporation Tax Act 2010">Corporation Tax Act 2010 (c. 4)</Citation>
,
<CitationSubRef CitationRef="crkaqtag4-00005" id="crkaqtag4-00006" SectionRef="section-1184-1" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/section/1184/1">s. 1184(1)</CitationSubRef>
,
<CitationSubRef CitationRef="crkaqtag4-00005" id="crkaqtag4-00007" SectionRef="schedule-3-part-1" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/3/part/1" Operative="true">Sch. 3 Pt. 1</CitationSubRef>
(with
<CitationSubRef CitationRef="crkaqtag4-00005" id="crkaqtag4-00008" SectionRef="schedule-2" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/2">Sch. 2</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-edf73cd084ebbd672bad5f8e7c336cd6" Type="F">
<Para>
<Text>
<CitationSubRef id="crkarkx74-00004" SectionRef="schedule-15-paragraph-17" URI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/17">Sch. 15 para. 17</CitationSubRef>
repealed (with effect in accordance with s. 1184(1) of the amending Act) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2010/4" id="crkarkx74-00005" Class="UnitedKingdomPublicGeneralAct" Year="2010" Number="4" Title="Corporation Tax Act 2010">Corporation Tax Act 2010 (c. 4)</Citation>
,
<CitationSubRef CitationRef="crkarkx74-00005" id="crkarkx74-00006" SectionRef="section-1184-1" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/section/1184/1">s. 1184(1)</CitationSubRef>
,
<CitationSubRef CitationRef="crkarkx74-00005" id="crkarkx74-00007" SectionRef="schedule-3-part-1" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/3/part/1" Operative="true">Sch. 3 Pt. 1</CitationSubRef>
(with
<CitationSubRef CitationRef="crkarkx74-00005" id="crkarkx74-00008" SectionRef="schedule-2" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/2">Sch. 2</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-7ecf6b2195d1d26bf36038de92639867" Type="F">
<Para>
<Text>
<CitationSubRef id="crkbunig4-00004" SectionRef="schedule-15-paragraph-15" URI="http://www.legislation.gov.uk/id/ukpga/1991/31/schedule/15/paragraph/15">Sch. 15 para. 15</CitationSubRef>
omitted (17.7.2012) by virtue of
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/14" id="crkbunig4-00005" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="14" Title="Finance Act 2012">Finance Act 2012 (c. 14)</Citation>
,
<CitationSubRef CitationRef="crkbunig4-00005" id="crkbunig4-00006" SectionRef="schedule-16-paragraph-247-c-ii" URI="http://www.legislation.gov.uk/id/ukpga/2012/14/schedule/16/paragraph/247/c/ii" Operative="true">Sch. 16 para. 247(c)(ii)</CitationSubRef>
</Text>
</Para>
</Commentary>
</Commentaries>
</Legislation>