Application of the 1988 Act: further provisions6
Section 592(3) of the 1988 Act8 (exemption from income tax in respect of underwriting commissions) applies in respect of underwriting commissions applied for the purposes of each of the Pensions Act Funds—
a
as if for “income tax” there were substituted “corporation tax”, and
b
as if for “under Chapter 8 of Part 5 of ITTOIA 2005 (income not otherwise charged)” there were substituted “under Case VI of Schedule D”.