SCHEDULES

SCHEDULE 1Minor and consequential amendments

Part 2Other enactments

361Finance Act 1993 (c. 34)

1

Amend Schedule 20A (Lloyd’s underwriters: conversion to limited liability underwriting) as follows.

2

In paragraph 2—

a

in sub-paragraph (2) for “The carry-forward provision” substitute “Section 83 of ITA 2007”, and

b

omit sub-paragraphs (3) and (4).

3

In paragraph 5(1), in the definition of “ordinary share capital”, for “section 832(1) of the Taxes Act 1988” substitute “section 989 of ITA 2007”.

4

In paragraph 7(2) for “Section 385 of the Taxes Act 1988” substitute “Section 83 of ITA 2007”.