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,”.