Energy Act 2004

Exempt activities to be separate tradeE+W+S+N.I.

1Exempt activities carried on—E+W+S+N.I.

(a)by the NDA, or

(b)by a company while it is an NDA company,

are to be treated for corporation tax purposes as a separate trade distinct from all other activities carried on by the NDA or (as the case may be) that company.

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Commencement Information

I1Sch. 4 para. 1 in force at 5.10.2004 by S.I. 2004/2575, art. 2(1), Sch. 1