SCHEDULES

SCHEDULE 4 U.K. Supplemental taxation provisions for exempt activities

Exempt activities to be separate trade U.K.

1 U.K. Exempt activities carried on—

(a) by the NDA, or

(b) by a company while it is an NDA company,

are to be treated for corporation tax purposes as a separate trade distinct from all other activities carried on by the NDA or (as the case may be) that company.

Commencement Information

I1 Sch. 4 para. 1 in force at 5.10.2004 by S.I. 2004/2575, art. 2(1), Sch. 1