Finance Act 2000 (c. 17)

SCHEDULES

SCHEDULE 31 U.K. Controlled foreign companies

Businesses to which requirement as to derivation of receipts applies U.K.

8 (1) In Part II of Schedule 25 (exempt activities) amend paragraph 11 as follows. U.K.

(2) In sub-paragraph (1) (meaning of “wholesale, distributive or financial business” for purposes of paragraph 6(2)(b))—

(a) in the opening words, for “or financial" substitute “ financial or service ”;

(b) omit the word “and" immediately preceding paragraph (g); and

(c) at the end of paragraph (g) add “; and

(h) the provision of services not falling within any of the preceding paragraphs.”