SCHEDULES

SCHEDULE 10 Stock lending arrangements and manufactured payments

Part I Stock lending

Manufactured payments in stock lending cases etc.

4

In Schedule 23A to the Taxes Act 1988 (manufactured payments)—

a

paragraph 6 (unapproved manufactured payments) shall cease to have effect; and

b

in paragraph 7(3)—

i

in paragraph (a), the words “except where paragraph 6 above applies, and” shall be omitted;

ii

paragraph (b) shall be omitted; and

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