SCHEDULES

SCHEDULE 10Stock lending arrangements and manufactured payments

Part IStock 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”.