SCHEDULES

SCHEDULE 1U.K.Minor and consequential amendments

Part 1U.K.Income and Corporation Taxes Act 1988

114(1)Amend section 556 (activity treated as trade etc and attribution of income) as follows.U.K.

(2)After subsection (4) insert—

(4A)In this section “payment” and “transfer” have the same meanings as in section 13 of ITTOIA 2005.

(3)In subsection (5) omit the words from the beginning to “, and”.