SCHEDULES

SCHEDULE 1Minor and consequential amendments

Part 2Other enactments

Income Tax Act 2007 (c. 3)

717

In section 976(6) (arrangements for payments of interest less tax or at a specified net rate) for paragraph (b) substitute—

“(b)

interest which is required to be brought into account under Part 5 of CTA 2009 (loan relationships) as a non-trading credit of the recipient.”