SCHEDULES

SCHEDULE 1Minor and consequential amendments

Part 1Income and Corporation Taxes Act 1988

273

1

Amend section 834 (interpretation of the Corporation Tax Acts) as follows.

2

In subsection (1)—

a

in the definition of “accounting period” for “section 12” substitute “ Chapter 2 of Part 2 of CTA 2009 ”,

b

at the appropriate place insert—

“the charge to corporation tax on income” has the same meaning as in CTA 2009 (see section 2(3));

c

in the definition of “chargeable profits”, for “section 11(2)” substitute “ section 19 of CTA 2009 ”,

d

in the definition of “derivative contract” for “Schedule 26 to the Finance Act 2002” substitute “ Part 7 of CTA 2009 ”,

e

at the appropriate place insert—

“income” includes anything to which the charge to corporation tax on income applies;

f

in the definition of “loan relationship” for “Chapter II of Part IV of the Finance Act 1996” substitute “ Part 5 of CTA 2009 ”,

g

in the definition of “non-trading deficit” for “section 82 of the Finance Act 1996” substitute “ section 301 of CTA 2009 ”, and

h

at the appropriate place insert—

“registered industrial and provident society” means—

a

a society registered or treated as registered under the Industrial and Provident Societies Act 1965 or the Industrial and Provident Societies Act (Northern Ireland) 1969, or

b

an SCE formed in accordance with Council Regulation (EC) No 1435/2003 on the Statute for a European Co-Operative Society;

3

In subsection (2)—

a

for “sections 75 and 76” substitute “ section 76 ”, and

b

at the end insert— “ section 834C. ”

4

In subsection (4) (apportionment to different periods) after “those Acts” insert “ , other than CTA 2009, ”.