Finance Act 1997 (c. 16)

SCHEDULES

SCHEDULE 10 Stock lending arrangements and manufactured payments

Part I Stock lending

Manufactured payments in stock lending cases etc.

4 In Schedule 23A to the Taxes Act 1988 (manufactured payments)—

(a) paragraph 6 (unapproved manufactured payments) shall cease to have effect; and

(b) in paragraph 7(3)—

(i) in paragraph (a), the words “except where paragraph 6 above applies, and” shall be omitted;

(ii) paragraph (b) shall be omitted; and

(iii) for the words “3, 4 or 6” there shall be substituted “3 or 4”.