SCHEDULES
SCHEDULE 1Minor and consequential amendments
Part 2Other enactments
Finance Act 1988 (c. 39)
274
The Finance Act 1988 is amended as follows.
275
1
Amend section 130 (provisions for securing payment by company of outstanding tax) as follows.
2
In subsection (7)—
a
in paragraph (a), for “203 of the Taxes Act 1988” substitute “
684 of the Income Tax (Earnings and Pensions) Act 2003
”
,
b
in paragraph (b), for “to which section 350(4)(a) of that Act (company payments which are not distributions) applies” substitute “
within section 946 of the Income Tax Act 2007 (collection of tax: deposit-takers, building societies and certain companies)
”
, and
c
in paragraph (c)—
i
omit sub-paragraphs (i) and (ii) and the “or” immediately before sub-paragraph (iii), and
ii
in sub-paragraph (iii) for “555 of that Act” substitute “
966 of the Income Tax Act 2007
”
.
3
After subsection (9) insert—
9A
In this section any reference to a provision of the Income Tax (Earnings and Pensions) Act 2003 or the Income Tax Act 2007 shall be construed, in relation to any time at which a corresponding provision of the Taxes Act 1988 or an enactment repealed by that Act had effect, as a reference to that corresponding provision.
276
In Schedule 6 (commercial woodlands) omit paragraph 3(3) to (5).
277
In paragraph 6(1)(b) of Schedule 12 (building societies: change of status) for the words from “section 477A” to the end substitute “
Chapter 2 of Part 15 of the Income Tax Act 2007 (deduction of income tax at source: deposit-takers and building societies)
”
.