SCHEDULES

SCHEDULE 6 U.K. Investment reliefs: excluded activities

PART 3 U.K. Part 6 of ITA 2007: excluded activities from 6 April 2015

Generation of electricity involving contracts for difference U.K.

7 U.K. In section 309A—

(a) in subsection (3), omit “or” at the end of paragraph (b) and for paragraph (c) substitute—

“(ba) a contract for difference has been entered into in connection with the generation of the electricity, or

(c) a scheme established in a territory outside the United Kingdom that—

(i) corresponds to one set out in a renewables obligation order under section 32 of the Electricity Act 1989, or

(ii) is similar to one established by virtue of regulations under Chapter 2 of Part 2 of the Energy Act 2013 (contracts for difference),

operates to incentivise the generation of the electricity.”, and

(b) in subsection (9), at the appropriate place insert—

““contract for difference” means a contract for difference within the meaning of Chapter 2 of Part 2 of the Energy Act 2013 (see section 6(2) of that Act);”.