Schedules

SCHEDULE 1Minor and consequential amendments

Part 2Other enactments

Finance Act 2000

316

1

Amend Schedule 22 (tonnage tax) as follows.

2

In paragraph 22F—

a

in sub-paragraph (5) for “section 393A(1) of the Taxes Act 1988 (losses: set off against” substitute “ section 37 of the Corporation Tax Act 2010 (losses: deduction from total ”,

b

in sub-paragraph (6) for “Chapter 4 of Part 10” substitute “ Part 5 ”, and

c

in sub-paragraph (7) for “section 393(1) of that Act (losses other than terminal losses)” substitute “ section 45 of that Act (carry forward of trade loss) ”.

3

In paragraph 57(6)—

a

in paragraph (a) for “section 13(2) of the Taxes Act 1988 (marginal small companies' relief)” substitute “ section 19, 20 or 21 of the Corporation Tax Act 2010 (marginal relief for companies with small profits) ”, and

b

in paragraph (b) for “section 7(2) or 11(3) of the Taxes Act 1988” substitute “ section 967 or 968 of the Corporation Tax Act 2010 ”.

4

In paragraph 63(2)(dd) (meaning of “finance costs”) for “section 502K of the Taxes Act 1988” substitute “ section 379 of the Corporation Tax Act 2010 ”.

5

In paragraph 89A(6) for “Section 839 of the Taxes Act 1988” substitute “ Section 1122 of the Corporation Tax Act 2010 ”.

6

In paragraph 91C(5) for “Section 839 of the Taxes Act 1988” substitute “ Section 1122 of the Corporation Tax Act 2010 ”.