SCHEDULES

SCHEDULE 38 Quotation or listing of securities

The Taxes Act 1988

7

1

In each of the provisions of that Act listed in sub-paragraph (2) below, for “quoted on” there shall be substituted “ listed in the Official List of ”.

2

The provisions referred to in sub-paragraph (1) above are—

a

paragraph (b) of the definition of “preference shares” in section 210(4);

b

section 842(1)(c); and

c

section 842AA(2)(e).

3

Sub-paragraph (1) above, so far as relating to the provision mentioned in sub-paragraph (2)(a) above, has effect in relation to share capital repaid on or after 1st April 1996.

4

Sub-paragraph (1) above, so far as relating to the provisions mentioned in sub-paragraph (2)(b) and (c) above, has effect in relation to accounting periods ending on or after 1st April 1996.