Income Tax (Trading and Other Income) Act 2005 (c. 5)

SCHEDULES

SCHEDULE 1 U.K. Consequential amendments

Part 2 U.K. Other enactments

Finance Act 1994 (c. 9) U.K.

471 U.K. The Finance Act 1994 is amended as follows.

472 (1) Amend Schedule 20 (changes for facilitating self-assessment: transitional provisions and savings) as follows. U.K.

(2) Omit paragraphs 1 to 10.

(3) In paragraph 11—

(a) in sub-paragraph (1) omit “Subject to paragraph 12(2) below,”,

(b) in sub-paragraph (3) for “under Case VI of Schedule D” substitute “ to income tax ”, and

(c) in sub-paragraph (3) at the end insert “ , and the person shall be liable for any tax so chargeable ”.

(4) Omit paragraphs 12 and 13.

473 U.K. In paragraph 26 of Schedule 24 (vesting in successor company of the British Railways Board of liability for loans to that Board not to affect directions by the Treasury under section 581 of ICTA) for “section 581 of the Taxes Act 1988” substitute “ section 755 of the Income Tax (Trading and Other Income) Act 2005 ”.