SCHEDULES

SCHEDULE 4Consequential amendments

Part 2Amendments of other Acts

106Income Tax Act 2007 (c. 3)

In section 198A(9) (excluded activities: subsidised generation or export of electricity) for the definitions of “community benefit society” and “co-operative society” substitute—

  • “community benefit society” means—

    1. a

      a society registered as a community benefit society under the Co-operative and Community Benefit Societies Act 2014, or

    2. b

      a pre-commencement society (within the meaning of that Act) that meets the condition in section 2(2)(a)(ii) of that Act;

  • “co-operative society” means—

    1. a

      a society registered as a co-operative society under the Co-operative and Community Benefit Societies Act 2014, or

    2. b

      a pre-commencement society (within the meaning of that Act) that meets the condition in section 2(2)(a)(i) of that Act;