SCHEDULES

Valid from 01/04/2009

SCHEDULE 1 U.K. Minor and consequential amendments

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

241 (1) Amend section 786 (transactions associated with loans or credit) as follows. U.K.

(2) In subsection (3A)(b) for “chargeable to corporation tax under Case III of Schedule D” substitute “ which is from a source in the United Kingdom and chargeable to corporation tax under Chapter 5 of Part 10 of CTA 2009 (distributions from unauthorised unit trusts) or Chapter 7 of that Part (annual payments not otherwise charged). ”

(3) In subsection (5)(b) for “Case VI of Schedule D” substitute “ the charge to corporation tax on income ”.