SCHEDULES

SCHEDULE 1Consequential amendments

Part 2Other enactments

Proceeds of Crime Act 2002 (c. 29)

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1

Amend Schedule 10 (tax) as follows.

2

In paragraph 2(7) (introductory) at the end insert “ , and “ITTOIA 2005” means the Income Tax (Trading and Other Income) Act 2005 ”.

3

In paragraph 5 (relevant discounted securities)—

a

for “relevant” substitute “ deeply ”, and

b

for the words from “Schedule 13” to “c.8)” and “that Schedule” substitute respectively “ Chapter 8 of Part 4 of ITTOIA 2005 ” and “ that Chapter ”.

4

In paragraph 6 (rights to receive amounts stated in certificates of deposit etc.)—

a

after “deposit etc.)” insert “ , or a right falling within the definition of “deposit rights” in section 552(1) of ITTOIA 2005 ”, and

b

for the words “of that Act”, in the second place where they occur, substitute “ of the Taxes Act 1988 or Chapter 11 of Part 4 of ITTOIA 2005 ”.

5

In paragraph 8 (futures and options)—

a

for “paragraph 4 of Schedule 5AA to the Taxes Act 1988” substitute “ section 562 of ITTOIA 2005 ”, and

b

for “that Schedule” substitute “ Chapter 12 of Part 4 of that Act ”.

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