Part 1The Civil Nuclear Industry

Chapter 1Nuclear decommissioning

Financial provisions

28Taxation 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)

is an activity the profits and gains from which would (apart from this section) be chargeable to tax F2under or by virtue of any provision to which F3section 1173 of the Corporation Tax Act 2010 (miscellaneous charges) applies, 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 F4Chapter 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

(b)

the profits and gains from it would, in the NDA’s case, be chargeable to tax F5under or by virtue of a provision to which F6section 1173 of the Corporation Tax Act 2010 applies, other than section 979 of the Corporation Tax Act 2009 (income not otherwise charged).

(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.