SCHEDULE 1Consequential amendments
Part 1Income and Corporation Taxes Act 1988
48
(1)
Amend section 79 (contributions to local enterprise agencies) as follows.
(2)
In subsection (1)—
(a)
for “person” substitute “company”,
(b)
for “trade, profession or vocation”, in both places where it occurs, substitute “trade or profession”,
(c)
for “him” substitute “the company”, and
(d)
before “tax” insert “corporation”.
(3)
In subsection (3) for “any person if either he or any person connected with him” substitute “any company if either the company or any person connected with the company”.
(4)
In subsection (9)—
(a)
after “has been made” insert “by a company”,
(b)
for “chargeable period”, in both places where it occurs, substitute “accounting period”,
(c)
for “the contributor or any person connected with him” substitute “the company or any person connected with the company”,
(d)
for “the contributor shall” substitute “the company shall”,
(e)
before “tax”, in both places where it occurs, insert “corporation”, and
(f)
for “he” substitute “the company”.