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9(1)Part 2 of Schedule 16 to FA 2009 (controlled foreign companies: amendment of exempt activities exemption) is amended as follows.U.K.
(2)In paragraph 12 (commencement), in sub-paragraph (2)(b) for “2011” substitute “ 2012 ”.
(3)In paragraph 15 (qualifying holding companies: periods straddling 1 July 2011)—
(a)in sub-paragraph (1)(a) for “2011” substitute “ 2012 ”,
(b)in sub-paragraph (2)(a) for “2011” substitute “ 2012 ”, and
(c)accordingly, in the heading for “2011” substitute “ 2012 ”.
(4)In paragraph 16 (qualifying holding companies: definition of “relevant accounting period”), in paragraph (b) for “2011” substitute “ 2012 ”.
(5)In the italic heading before paragraph 17 for “two years before 1 July 2011” substitute “ three years before 1 July 2012 ”.