[F1416ZCSite restoration services supplied by connected personU.K.
(1)Where—
(a)a person (“R”) who is carrying on, or has ceased to carry on, a ring fence trade enters into an arrangement,
(b)under the arrangement, a person (“S”) who is connected with R provides a service to R in connection with work on the restoration of a relevant site, and
(c)(in the absence of this section) all or part of the consideration for the service would be qualifying expenditure of R under section 416ZA,
the amount of the expenditure which is qualifying expenditure is restricted under section 416ZD(1).
(2)Subsection (1)(b) may be satisfied whether the service is provided to R directly or indirectly; and in particular it does not matter—
(a)whether R and S are parties to the same contract, or
(b)whether payments are made by R directly to S.
(3)Subsections (4) and (5) apply for the purposes of this section and sections 416ZD and 416ZE.
(4)“Relevant site” has the meaning given by section 416ZA(8).
(5)References to providing a service include—
(a)letting a ship on charter or any other asset on hire, and
(b)providing goods which are to be used up in the course of providing a service.]
Textual Amendments
F1Ss. 416ZC-416ZE inserted (with effect in accordance with Sch. 32 para. 11 of the amending Act) by Finance Act 2013 (c. 29), Sch. 32 para. 9