621U.K.The Finance Act 2003 is amended as follows.
622U.K.F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Sch. 1 para. 622 repealed (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1031, 1034, Sch. 3 Pt. 1 (with transitional provisions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)
623U.K.Omit section 176 (foster carers).
624(1)Amend Schedule 24 (restriction of deductions for employee benefit contributions) as follows.
(2)In paragraph 1—
(a)in sub-paragraph (1)(a) for “tax purposes” substitute “ corporation tax purposes ”, and
(b)in sub-paragraph (2)(a) for “he” substitute “ the employer ”.
(3)In paragraph 3(a) for “tax purposes” substitute “ corporation tax purposes ”.
(4)In paragraph 9(1) omit the definition of “for tax purposes”.
625U.K.In Schedule 34 (policies of life insurance etc: miscellaneous amendments), in paragraph 15(1), after “1988” insert “ or Chapter 9 of Part 4 of the Income Tax (Trading and Other Income) Act 2005 ”.
626U.K.Omit Schedule 36 (foster carers).