SCHEDULES
SCHEDULE 1Consequential amendments
Part 2Other enactments
Finance (No. 2) Act 1992 (c. 48)
453
1
Amend section 40A (revenue nature of expenditure on master versions of films) as follows.
2
In subsection (1)—
a
for “the purposes of the Tax Acts” substitute “
corporation tax purposes
”
, and
b
after “section 40D below” insert “
or section 143 of ITTOIA 2005 (corresponding income tax provision)
”
.
3
In subsection (2) for “the purposes of the Tax Acts” substitute “
corporation tax purposes
”
.
4
In the definition of “expenditure of a revenue nature” in subsection (4)(a) after “chargeable to” insert “
corporation
”
.