SCHEDULES

SCHEDULE 12Construction industry scheme: consequential amendments

General rule as to when corporation tax is due and payable

2

1

Section 59D of the Taxes Management Act 1970 is amended as follows.

2

In subsection (4)(d) (amounts taken into account in determining whether repayment is due under subsection (2)) for “by virtue of regulations under section 559A of the principal Act” substitute “ by virtue of regulations under section 62 of the Finance Act 2004 ”.