Version Superseded: 01/04/2009
Point in time view as at 01/10/2005. This version of this provision has been superseded.
Energy Act 2004, Section 28 is up to date with all changes known to be in force on or before 09 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)For the purposes of the Corporation Tax Acts so much of any activity of the NDA as—
(a)is an activity the profits and gains from which would (apart from this section) be chargeable to tax under Case VI of Schedule D, and
(b)is not excluded from the operation of this section by subsection (2),
shall be treated as an activity carried on by it as part of a trade in respect of which it is within the charge to tax under Case I of Schedule D.
(2)Any activity is excluded from the operation of this section if—
(a)it is carried on by the NDA otherwise than in connection with something mentioned in section 3(1)(a), (d) or (e) of this Act; and
(b)the profits and gains from it would, in the NDA’s case, be chargeable to tax under Case VI of Schedule D by virtue of an enactment other than just section 18 of the Income and Corporation Taxes Act 1988 (c. 1).
(3)All activities treated under this section as carried on by the NDA as part of a trade—
(a)shall be treated as carried on as part of the same trade; and
(b)may be treated as carried on as part of another trade carried on by the NDA.
(4)Subsection (3) is subject to any other provision made by or under the Corporation Tax Acts that requires an activity to be treated as carried on as part of a separate trade (with or without any other activity).
(5)This section is to be construed as one with the Corporation Tax Acts.
Commencement Information
I1S. 28 in force at 5.10.2004 by S.I. 2004/2575, art. 2(1), Sch. 1
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