The Corporation Tax Act 2010 (Part 8C) (Amendment) Regulations 2017 No. 364

PART 2 CHARITABLE COMPANIES, LIFE INSURANCE COMPANIES, ANTI-AVOIDANCE AND TREATMENT OF AMOUNTS DEDUCTED

Charitable companies

5.  In section 357YA (charge to corporation tax on restitution interest)—

(a) the existing text becomes subsection (1), and

(b) after subsection (1) insert—

“(2) In subsection (1) the reference to a company does not include a charitable company.”.