11(1)Part 7 of TIOPA 2010 (tax treatment of financing costs and income) is repealed; and accordingly the following provisions of that Act are also repealed—U.K.
(a)section 1(1)(d) (overview);
(b)in Schedule 9, Part 7 (transitional provision);
(c)in Schedule 11, Part 5 (index of defined expressions).
(2)In consequence of sub-paragraph (1), the following enactments (which amend provisions repealed by that sub-paragraph) are repealed—
(a)in F(No.3)A 2010, section 11 and Schedule 5;
(b)in FA 2011, in Schedule 13, paragraphs 29 and 30;
(c)in FA 2012—
(i)section 31 and Schedule 5;
(ii)in Schedule 16, paragraphs 242 and 243(a);
(iii)in Schedule 20, paragraphs 43 to 45;
(d)in FA 2013, section 44;
(e)in FA 2014, section 39.
(3)The following regulations were made under powers contained in Part 7 of TIOPA 2010 and are therefore revoked by virtue of sub-paragraph (1)—
(a)the Corporation Tax (Financing Costs and Income) Regulations 2009 (S.I. 2009/3173);
(b)the Corporation Tax (Tax Treatment of Financing Costs and Income) (Acceptable Financial Statements) Regulations 2009 (S.I. 2009/3217);
(c)the Corporation Tax (Exclusion from Short-Term Loan Relationships) Regulations 2009 (S.I. 2009/3313);
(d)the Tax Treatment of Financing Costs and Income (Available Amount) Regulations 2010 (S.I. 2010/2929);
(e)the Tax Treatment of Financing Costs and Income (Correction of Mismatches) Regulations 2010 (S.I. 2010/3025);
(f)the Taxation (International and Other Provisions) Act 2010 (Part 7) (Amendment) Regulations 2012 (S.I. 2012/3045);
(g)the Tax Treatment of Financing Costs and Income (Correction of Mismatches: Partnerships and Pensions) Regulations 2012 (S.I. 2012/3111);
(h)the Tax Treatment of Financing Costs and Income (Excluded Schemes) Regulations 2013 (S.I. 2013/2892);
(i)the Tax Treatment of Financing Costs and Income (Change of Accounting Standards: Investment Entities) Regulations 2015 (S.I. 2015/662).