SCHEDULES

SCHEDULE 3Advance corporation tax

Section 75 of the Taxes Act 1988

9(1)Section 75 of the Taxes Act 1988 (expenses of management: investment companies) shall be amended as follows.

(2)In subsection (2) the words “group income” shall cease to have effect.

(3)This paragraph has effect in relation to distributions made on or after 6th April 1999.