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Coal Industry Act 1994
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- 1994 c. 21
- SCHEDULE 4
- Part I
- Losses to be retained by the predecessor
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- Blanket amendment text amended by S.I. 2011/1043 art. 3 4
- Blanket amendment text amended by S.I. 2011/1043 art. 3 6
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- s. 4A-4C inserted by 2003 c. 37 s. 85(1)
- s. 4A(2) words substituted by 2011 c. 16 s. 115(2)
- s. 4D-4F inserted by 2005 asp 3 s. 30(1)
- s. 4D(2) words substituted by 2011 c. 16 s. 116(2)
- s. 4G inserted by 2011 c. 16 s. 116(1)
- s. 4CA inserted by 2011 c. 16 s. 115(1)
- s. 65A inserted by S.I. 2007/2194 Sch. 4 para. 84(2)
- Sch. 1A inserted by 2003 c. 37 Sch. 5
- Sch. 1B inserted by 2003 c. 37 Sch. 6
- Sch. 1B para. 4 text amended by S.I. 2009/1307 Sch. 1 para. 258
- Sch. 1C inserted by 2005 asp 3 Sch. 4
Commencement Orders yet to be applied to the Coal Industry Act 1994:
Commencement Orders
This section lists the commencement orders yet to be applied to the whole Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing. Where applicable the commencement orders are listed under two headings, firstly those that bring some part of the Act you are viewing into force and secondly, those that bring into force legislation that affects some part of the legislation you are viewing. If you are viewing a prospective version or there is a prospective version available there may be commencement orders listed here that are relevant to the provision you are viewing.
Commencement Orders bringing provisions within this Act into force:
- S.I. 2004/144 art. 2 Sch. commences (1994 c. 21)
Commencement Orders bringing legislation that affects this Act into force:
- S.I. 2003/766 art. 2 commences (2002 c. 40)
- S.I. 2003/1397 art. 2 commences (2002 c. 40)
- S.I. 2003/1725 art. 2 commences (2002 c. 9)
- S.I. 2003/2093 art. 2 commences (2002 c. 40)
- S.I. 2004/641 art. 2-5 commences (2003 c. 37)
- S.I. 2005/2714 art. 2-4 commences (2003 c. 37)
- S.I. 2005/3056 art. 2 3 commences (2003 c. 17)
- S.I. 2006/3272 art. 2 Sch. 1-3 commences (2005 c. 19)
- S.S.I. 2003/456 art. 2 commences (2000 asp 5)
- S.S.I. 2005/351 art. 2 commences (2005 asp 3)
Losses to be retained by the predecessorE+W+S+N.I.
14(1)Notwithstanding anything in the preceding provisions of this Part of this Schedule or in Schedule 2 or 3 to this Act, the relevant unallowed tax losses of the predecessor—E+W+S+N.I.
(a)shall not be capable, at any time after a relevant transfer comes into force, of being brought into account for any of the purposes of the Corporation Tax Acts in relation to the taxation of the transferee; but
(b)shall continue, to the same extent as before, to be treated after any relevant transfer as unallowed tax losses of the predecessor.
(2)In sub-paragraph (1) above “relevant unallowed tax losses” means—
(a)if the accounting period of the predecessor ends immediately before the coming into force of the relevant transfer, the unallowed tax losses of the predecessor as at the end of that period; and
(b)in any other case, any losses, expenses, charges or amounts which would be unallowed tax losses of the predecessor immediately before the coming into force of the relevant transfer, if an accounting period of the predecessor had ended at that time.
(3)In this paragraph “unallowed tax losses” means any losses, expenses, charges or amounts which are tax losses within the meaning of section 400(2)(a), (b), (d) or (e) of the 1988 Act.
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