SCHEDULES
SCHEDULE 1Minor and consequential amendments
Part 2Other enactments
Finance Act 2003 (c. 14)
558
The Finance Act 2003 is amended as follows.
559
Omit section 141 (corporation tax for employee share acquisitions).
560
Omit section 143 (restriction of deductions for employee benefit contributions).
F1561
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F1562
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F1563
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564
After section 177(4) (currency contracts and currency options) insert—
4A
In relation to a subsequent accounting period ending on or after 1 April 2009, the reference in subsection (4)(c) to Schedule 26 is to be read as a reference to Part 7 of the Corporation Tax Act 2009.
565
In section 195(9)(b)
(companies acquiring their own shares) for the words from “in accordance with” to the end substitute “
under Chapter 2 of Part 3 of the Corporation Tax Act 2009
”
.
566
Omit Schedule 23 (corporation tax relief for employee share acquisitions).
567
Omit Schedule 24 (restriction of deductions for employee benefit contributions).
568
In paragraph 5A(2) of Schedule 26 (non-resident companies: transactions through broker, investment manager or Lloyd's agent) for “section 11AA of the Taxes Act 1988” substitute “
Chapter 4 of Part 2 of the Corporation Tax Act 2009
”
.