Finance Act 1999 (c. 16)

SCHEDULES

SCHEDULE 11 U.K. Company tax returns, etc: minor and consequential amendments

Capital Allowances Act 1990 (c. 1) U.K.

4 In section 17(3) of the Capital Allowances Act 1990 (carry back of balancing allowances for mining structures etc.), at the end insert “ made for the purposes of income tax ”.

5 In section 33F(1) of the Capital Allowances Act 1990 (procedure for claims for deferment of balancing charge), for “Schedule A1 to this Act” substitute “ Part IX of Schedule 18 to the Finance Act 1998 ”.

6 In section 59C of the Capital Allowances Act 1990 (supplemental provisions about elections under section 59B), for subsection (7) substitute—

“(7) Nothing in—

(a) section 42 of, or Schedule 1A to, the Taxes Management Act 1970 (claims and elections for income tax purposes), or

(b) paragraphs 54 to 60 of Schedule 18 to the Finance Act 1998 (claims and elections for corporation tax purposes),

shall apply to a section 59B election.”

7 In section 145(3) of the Capital Allowances Act 1990 (claim to give effect to corporation tax allowances against profits of any description), omit “to which section 42 of the Taxes Management Act 1970 applies”.