Part 2Income tax, corporation tax and capital gains tax
Chapter 6Miscellaneous
Miscellaneous
46Energy Act 2004 and Health Protection Agency Act 2004
1
This section provides for certain enactments to cease to have effect which relate to—
a
the United Kingdom Atomic Energy Authority (“UKAEA”),
b
the National Radiological Protection Board (“NRPB”), or
c
pension schemes run by UKAEA.
2
In ICTA the following provisions shall cease to have effect—
a
section 349B(3)(g) (no deduction of tax from certain payments to UKAEA);
b
section 349B(3)(h) (no deduction of tax from certain payments to NRPB);
c
section 512(1) and (3) (certain exemptions from income tax and corporation tax for UKAEA and NRPB);
d
section 512(2) (treatment of certain income of pension schemes run by UKAEA).
3
In section 271(7) of TCGA 1992 (miscellaneous exemptions from tax in respect of chargeable gains)—
a
for “Memorial Fund, the” substitute “
Memorial Fund and the
”
;
b
omit “, the United Kingdom Atomic Energy Authority”;
c
omit “and the National Radiological Protection Board”;
d
omit from “; and for the purposes” to the end of the subsection (treatment of gains accruing to pension schemes run by UKAEA).
4
In subsection (2)—
a
paragraph (a) has effect in relation to payments made on or after 1st April 2005;
b
paragraph (b) has effect in relation to payments made after 1st April 2005;
c
paragraph (c), so far as relating to UKAEA, has effect on and after 1st April 2005;
d
paragraph (c), so far as relating to NRPB, has effect after 1st April 2005;
e
paragraph (d) has effect in relation to income arising on or after 1st April 2005.
5
In subsection (3)—
a
paragraphs (a) and (c) have effect in relation to gains accruing after 1st April 2005;
b
paragraphs (b) and (d) have effect in relation to gains accruing on or after 1st April 2005.
6
The repeal of subsection (3)(g) of section 349B of ICTA does not affect the application of any other provision of that section in relation to UKAEA.
7
Nothing in this section affects—
a
any accounting period of UKAEA ending before 1st April 2005, or
b
any accounting period of NRPB ending on or before 1st April 2005.