SCHEDULES

SCHEDULE 1Minor and consequential amendments

Part 1Income and Corporation Taxes Act 1988

4

(1)

Amend section 9 (computation of income: application of income tax principles) as follows.

(2)

Omit subsections (1) to (4).

(3)

In subsection (5) omit “, by virtue of this section or otherwise,”.

(4)

Omit subsection (6).