PART 7CONSEQUENTIAL AMENDMENTS AND MODIFICATIONS OF ENACTMENTS
CHAPTER 1AMENDMENTS OF REFERENCES TO REPEALED ENACTMENTS
Introduction86
Regulations 87 to 92—
a
amend references in enactments to provisions repealed by section 17(1) of the Finance (No. 2) Act 2005, and
b
make incidental, consequential and supplemental provision.
Amendments of TMA 197087
1
TMA 1970 M1 is amended as follows.
2
In section 98 (penalties in relation to special returns)—
a
in subsection (4E) M2 for “Chapter 3 of Part 12 of the principal Act” substitute “
regulations made under section 17(3) of the Finance (No. 2) Act 2005 (as at 1st April 2006, see the Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/[abcd]))
”
.
b
in the first column of the Table—
i
omit the entry relating to section 468P(6) of ICTA,
ii
omit the entry relating to regulations under section 468PB(3) of ICTA M3, and
iii
at the end insert—
regulations under section 17(3) of the Finance (No. 2) Act 2005
Amendment of ICTAF188
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Amendment of TCGA 199289
1
TCGA 1992 is amended as follows.
2
In section 99B(3) M4
(calculation of the disposal cost of accumulation units) for “section 468H of ICTA” substitute “
regulations made under section 17(3) of the Finance (No. 2) Act 2005 (as at 1st April 2006, see regulation 15 of the Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/[abcd]))
”
.
Amendment of FA 199690
1
FA 1996 M5 is amended as follows.
2
In paragraph 4(4) of Schedule 10 M6
(loan relationships: company holdings in unit trusts and offshore funds) for “section 468L(3) of the Taxes Act 1988” substitute “
regulations made under section 17(3) of the Finance (No. 2) Act 2005 (as at 1st April 2006, see regulation 18(3) of the Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/[abcd]))
”
.
Amendments of ITTOIA 200591
1
ITTOIA 2005 is amended as follows.
2
In section 373(2)
(open-ended investment company interest distributions) for “subsections (6) and (7)” substitute “
subsection (7)
”
.
3
In section 376(2)
(authorised unit trust interest distributions) for “subsections (6) and (7)” substitute “
subsection (7)
”
.
Amendment of the Finance Act 200592
1
The Finance Act 2005 M7 is amended as follows.
2
In Schedule 2 (alternative finance arrangements: further provisions), omit paragraph 4.