SCHEDULES

SCHEDULE 1Minor and consequential amendments

Part 1Income and Corporation Taxes Act 1988

289

1

Amend Schedule 27 (distributing funds) as follows.

2

In paragraph 1(1)(d)(ii)—

a

omit the words from “in accordance” to “(Schedule D)”,

b

for “Case III of Schedule D” substitute “ Part 5 of CTA 2009 (loan relationships) or Chapter 7 of Part 10 of that Act (annual payments not otherwise charged) ”, and

c

for “Case V of Schedule D” substitute “ Chapter 2 of Part 10 of CTA 2009 (dividends of non-UK resident companies) or Chapter 8 of that Part (income not otherwise charged) ”.

3

For the heading for paragraph 3 substitute “ Certain foreign income ”.

4

In paragraph 3(1)(aa)—

a

in sub-paragraph (i) for “Case III of Schedule D” substitute “ Part 5 of CTA 2009 (loan relationships) or Chapter 7 of Part 10 of that Act (annual payments not otherwise charged) ”, and

b

in sub-paragraph (ii) for “Case V of Schedule D” substitute “ Chapter 2 of Part 10 of CTA 2009 (dividends of non-UK resident companies) or Chapter 8 of that Part (income not otherwise charged) ”.

5

In paragraph 4(3)(b) for “section 75” substitute “ section 1219 of CTA 2009 ”.

6

In paragraph 5(3)—

a

in paragraph (c) for “section 208” substitute “ section 1285 of CTA 2009 ”,

b

in paragraph (d) for “Chapter 2 of Part 4 of the Finance Act 1996” substitute “ Part 5 of CTA 2009 ”, and

c

in paragraph (e) for “Schedule 26 to the Finance Act 2002” substitute “ Part 7 of CTA 2009 ”.

7

In paragraph 5(5) for “section 154(2) of the Finance Act 1996” substitute “ section 1279 of CTA 2009 ”.