Corporation Tax Act 2009

Finance Act 2004 (c. 12) U.K.

569 U.K. The Finance Act 2004 is amended as follows.

570 U.K. In section 71 (collection and recovery of sums to be deducted) omit subsection (3)(b) and the “and” immediately before it.

F1 571 U.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1 Sch. 1 para. 571 omitted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the commencing Act) by virtue of Finance Act 2009 (c. 10), Sch. 24 paras. 9(f), 12

572 (1) Amend section 131 (companies in partnership) as follows. U.K.

(2) In subsection (4) for the words from “annual” to the end substitute “an amount—

“(a) which is equal to the chargeable amount, and

(b) to which the charge to corporation tax on income applies.”

(3) In subsection (10) for “section 91H or 91I of the Finance Act 1996” substitute “ Chapter 8 of Part 6 of the Corporation Tax Act 2009 (returns from partnerships) ”.

573 (1) Amend section 196 (relief for employers in respect of contributions paid) as follows. U.K.

(2) In subsection (2) for “(trading income) or Case I or II of Schedule D” substitute “ or Part 3 of CTA 2009 (trading income) ”.

(3) In subsection (3) for “section 75 of ICTA” substitute “ Chapter 2 of Part 16 of CTA 2009 ”.

574 U.K. In section 196A(4) (power to restrict relief)—

(a) in paragraph (a) for “(trading income) or Case I or II of Schedule D” substitute “ or Part 3 of CTA 2009 (trading income) ”, and

(b) in paragraph (b) for “section 75 of ICTA” substitute “ section 1219 of CTA 2009 ”.

575 U.K. In section 197(10) (spreading of relief)—

(a) in paragraph (a), for “(trading income) or Case I or II of Schedule D,” substitute “ or Part 3 of CTA 2009 (trading income), ” and

(b) in paragraph (b) for the words from “section 75” to the end substitute “ section 76 of ICTA (expenses of insurance companies) or Chapter 2 of Part 16 of CTA 2009 (expenses of management: companies with investment business), an accounting period. ”

576 U.K. In section 199A(10) (indirect contributions)—

(a) in paragraph (a) for “(trading income) or Case I or II of Schedule D” substitute “ or Part 3 of CTA 2009 (trading income) ”, and

(b) in paragraph (b) for “section 75 of ICTA” substitute “ Chapter 2 of Part 16 of CTA 2009 ”.

577 U.K. In section 200 (no other relief for employers in respect of contributions)—

(a) in paragraph (a) for “(trading income) or Case I or II of Schedule D” substitute “ or Part 3 of CTA 2009 (trading income) ”, and

(b) in paragraph (b) for “section 75 of ICTA” substitute “ Chapter 2 of Part 16 of CTA 2009 ”.

578 (1) Amend section 246 (restriction of deduction for non-contributory provision) as follows. U.K.

(2) In subsection (2)—

(a) in paragraph (a) for “(trading income) or Case I or II of Schedule D” substitute “ or Part 3 of CTA 2009 (trading income) ”, and

(b) in paragraph (b) for “section 75 of ICTA” substitute “ Chapter 2 of Part 16 of CTA 2009 ”.

(3) In subsection (3)—

(a) in paragraph (a) for “(trading income) or Case I or II of Schedule D,” substitute “ or Part 3 of CTA 2009 (trading income), ” and

(b) in paragraph (b) for “of section 75 or 76 of ICTA in relation to the employer,” substitute “ in relation to the employer of section 76 of ICTA or Chapter 2 of Part 16 of CTA 2009, ”.

579 U.K. In section 246A(4) (case where no relief for provision by an employer)—

(a) in paragraph (a) for “(trading income) or Case I or II of Schedule D” substitute “ or Part 3 of CTA 2009 (trading income) ”, and

(b) in paragraph (b) for “section 75 of ICTA” substitute “ Chapter 2 of Part 16 of CTA 2009 ”.

580 U.K. In section 280(1) (abbreviations and general index)—

(a) omit the “and” immediately after the entry for “ITTOIA 2005”, and

(b) after the entry for “ITA 2007” insert “, and

“CTA 2009” means the Corporation Tax Act 2009.”

581 (1) Amend Schedule 26 (offshore funds) as follows. U.K.

(2) In paragraph 1(6) for “Chapter 2 of Part 4 of the Finance Act 1996” substitute “ Part 5 of the Corporation Tax Act 2009 ”.

(3) In paragraph 2(6) in the definition of “derivative contract” for “Schedule 26 to the Finance Act 2002” substitute “ Part 7 of the Corporation Tax Act 2009 ”.