Part 1The Civil Nuclear Industry
Chapter 1Nuclear decommissioning
Financial provisions
I128Taxation of NDA activities chargeable under F1miscellaneous provisions
1
For the purposes of the Corporation Tax Acts so much of any activity of the NDA as—
a
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 F2Chapter 2 of Part 3 of the Corporation Tax Act 2009.
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
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.