SCHEDULES

SCHEDULE 1Consequential amendments

Part 1Income and Corporation Taxes Act 1988

215

In section 546C(8) (charging the section 546 excess to tax where section 546B applies)—

a

for “any provision of section 547” substitute “ section 547(1)(b) ”,

b

for “body or person” substitute “ company ”,

c

omit paragraph (a) and the word “or” at the end of it,

d

in paragraph (b) for “it” substitute “ the chargeable event in question ”, and

e

omit “year of assessment or”.