Corporation Tax Act 2010

Finance Act 2008 U.K.

576 U.K. The Finance Act 2008 is amended as follows.

577 U.K. In section 6(3) (charge and main rates for financial year 2009) for “same meaning as in Chapter 5 of Part 12 of ICTA (see section 502(1) and (1A))” substitute “ meaning given by section 276 of CTA 2010 ”.

578 U.K. Omit section 7 (small companies' rates and fractions for financial year 2008).

579 U.K. In section 165(1) (interpretation) at the appropriate place insert—

““CTA 2010” means the Corporation Tax Act 2010,”.

580 (1) Amend Schedule 19 (reduction of basic rate of income tax: relief for gift aid charities) as follows. U.K.

(2) In paragraph 1(3)—

(a) omit paragraph (a) and the “or” at the end of paragraph (b),

(b) after paragraph (b) insert—

“(ba) section 472 of CTA 2010 (charitable companies),

(bb) section 475 of CTA 2010 (eligible bodies), or”, and

(c) in paragraph (c) for “paragraph 5(1)(c) of Schedule 18 to FA 2002” substitute “ section 664(1) of CTA 2010 ”.

(3) In paragraph 1(4)(a) for “(3)(a) or (c)” substitute “ (3)(ba), (bb) or (c) ”.

581 (1) Amend Schedule 20 (leases of plant or machinery) as follows. U.K.

(2) In paragraph 2(3)—

(a) for “to 809ZD” substitute “ to 809ZF ”, and

(b) in paragraph (a)—

(i) for “section 809ZB(4)” substitute “ section 809ZF(3) to (5) ”, and

(ii) the substituted subsection (which as a result of paragraph (i) is substituted for section 809ZF(3) to (5)) is renumbered “(3)”.

(3) In paragraph 11—

(a) in sub-paragraph (2) omit “Section 502B of ICTA or”,

(b) in sub-paragraph (5) omit “section 502B of ICTA or”,

(c) in sub-paragraph (7) omit “section 502B(2) of ICTA or”,

(d) in sub-paragraph (8) omit “Section 502C of ICTA or”, and

(e) in sub-paragraph (9) omit “section 502D of ICTA or”.

582 (1) Amend Schedule 36 (information and inspection powers) as follows. U.K.

(2) In paragraph 36—

(a) in sub-paragraph (1)(b) for “section 767A or 767AA of ICTA” substitute “ section 710 or 713 of CTA 2010 ”, and

(b) in sub-paragraph (3) for “Section 769 of ICTA” substitute “ Chapter 7 of Part 14 of CTA 2010 ”.

(3) In paragraph 37B(3)—

(a) omit paragraph (a), and

(b) at the end of paragraph (b) insert “, or

(c) section 733 of CTA 2010 (company liable to counteraction of corporation tax advantage).”

583 U.K. In paragraph 7(4) of Schedule 41 (potential lost revenue)—

(a) for “subsection (4) of section 419 of ICTA” substitute “ section 458 of CTA 2010 ”, and

(b) for “subsection (4A)” substitute “ subsection (5) ”.