423U.K.The Finance Act 2004 is amended as follows.
424U.K.Omit section 50 (generally accepted accounting practice).
425U.K.Omit section 51 (use of different accounting practices within a group of companies).
426U.K.In section 59(4) (contractors) for “section 343 of the Taxes Act 1988” substitute “ Chapter 1 of Part 22 of the Corporation Tax Act 2010 ”.
427U.K.Omit section 83 (giving through the self-assessment return).
428U.K.In section 273(9) (members liable as scheme administrator) for “section 417(5)(b) of ICTA” substitute “ section 452(2)(b) of the Corporation Tax Act 2010 ”.
429U.K.In section 307(2)(b) (meaning of “promoter”)—
(a)for “section 840A of the Taxes Act 1988” substitute “ section 1120 of the Corporation Tax Act 2010 ”, and
(b)for “section 209A(4)” substitute “ section 1009(3) ”.
430U.K.In paragraph 4(2) of Schedule 11 (the compliance test) for “section 416(2) to (6) of the Taxes Act 1988” substitute “ sections 450 and 451 of the Corporation Tax Act 2010 ”.
431(1)Amend Schedule 29A (taxable property held by investment-regulated pension schemes) as follows.U.K.
(2)In paragraph 17(3) for “section 416 of ICTA” substitute “ sections 450 and 451 of the Corporation Tax Act 2010 ”.
(3)In paragraph 21(3)—
(a)in paragraph (a)—
(i)for “section 416 of ICTA” substitute “ sections 450 and 451 of the Corporation Tax Act 2010 ”,
(ii)for “that section” substitute “ those sections ”, and
(b)in paragraph (b)—
(i)for “paragraph (b) of section 417(5)” substitute “ section 452(2)(b) ”,
(ii)for “that paragraph” substitute “ section 452(3) of that Act ”.
(4)In paragraph 22(1) for the words from “is” to “that Part applies” substitute “ is a company which is, or is a member of, a UK REIT within the meaning of Part 12 of the Corporation Tax Act 2010 (Real Estate Investment Trusts) ”.
(5)In each of the following paragraphs for “Section 839 of ICTA” substitute “ Section 1122 of the Corporation Tax Act 2010 ”
(a)paragraph 10(4),
(b)paragraph 19(8),
(c)paragraph 21(5),
(d)paragraph 22(3), and
(e)paragraph 24(6).
432(1)Amend Schedule 36 (pension schemes: transitional provision and savings) as follows.U.K.
(2)In paragraph 12(8A)(b) for “Chapter 4 of Part 10 of ICTA” substitute “ Part 5 of the Corporation Tax Act 2010 ”.
(3)In paragraph 22(7J) for “Section 839 of ICTA” substitute “ Section 1122 of the Corporation Tax Act 2010 ”.
(4)In paragraph 37H(5) for “Section 839 of ICTA” substitute “ Section 1122 of the Corporation Tax Act 2010 ”.