414U.K.The Finance Act 1990 is amended as follows.
415U.K.F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Sch. 1 para. 415 repealed (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1031, 1034, Sch. 3 Pt. 1 (with transitional provisions and savings in Sch. 2)
416(1)Amend section 126 (pools payments for football ground improvements) as follows.U.K.
(2)In subsection (2)—
(a)for “person” substitute “ company ”, and
(b)for “tax purposes” substitute “ corporation tax purposes ”.
(3)In subsection (3) after “not” insert “ , for corporation tax purposes, ”.
(4)In subsection (4) after “2001” insert “ (general rule excluding contributions: income and corporation tax) ”.