SCHEDULES
SCHEDULE 1Minor and consequential amendments
Part 2Other enactments
Energy Act 2004 (c. 20)
583
1
Amend section 27 (tax exemption for NDA activities) as follows.
2
In subsection (8)—
a
in the definition of “trading income”—
i
in paragraph (a), after “trade” insert “
carried on wholly or partly in the United Kingdom
”
, and
ii
in paragraph (b) for “Case I of Schedule D” substitute “
Chapter 2 of Part 3 of the Corporation Tax Act 2009
”
, and
b
in the definition of “trading losses”—
i
after “trade” insert “
carried on wholly or partly in the United Kingdom
”
, and
ii
for “Case I of Schedule D” substitute “
Chapter 2 of Part 3 of the Corporation Tax Act 2009
”
.
3
In subsection (9)—
a
in paragraph (a) for “Chapter 2 of Part 4 of the Finance Act 1996 (c. 8)” substitute “
Part 5 of the Corporation Tax Act 2009
”
, and
b
in paragraph (b) for “under Schedule 26 to the Finance Act 2002 (c. 23)
(derivative contracts)” substitute “
in accordance with Part 7 of the Corporation Tax Act 2009 (derivative contracts)
”
.