SCHEDULES

SCHEDULE 6Consequential Amendments

Part 1Income and Corporation Taxes Act 1988

80

(1)

Amend section 607 (marine pilots: pilots' benefit fund) as follows.

(2)

In subsection (2)(a) for “597 to 600” substitute “ 598 to 599A ”.

(3)

In subsection (2)(b) for “under section 600” substitute “ in accordance with section 584 of ITEPA 2003 (unauthorised payments) ”.

(4)

For subsection (3)(a) substitute—

“(a)

in section 592—

(i)

subsections (4) to (6) shall be omitted; and

(ii)

for subsection (7) there shall be substituted—

“(7)

Any contribution paid under the scheme by a member of the fund shall, in assessing tax under Schedule D, be allowed to be deducted as an expense.”;

(5)

In subsection (3)(b) for “sections 597 to 606 (except sections 601 to 603)” substitute “ sections 598 to 599A and sections 604 to 606 ”.

(6)

Omit subsection (3)(b)(iv) and the word “and” preceding it.