SCHEDULES

SCHEDULE 4 U.K.Accounting practice and related matters

Part 2 U.K.Other provisions connected with accounting practice

ICTA U.K.

24 (1) Section 747A of ICTA (special rule requiring chargeable profits of controlled foreign companies to be computed in currency of accounts of company's first relevant accounting period) shall cease to have effect. U.K.

(2) This amendment has effect in relation to accounting periods beginning on or after 16th March 2005.