Taxation (International and Other Provisions) Act 2010

Income and Corporation Taxes Act 1988 (c. 1) U.K.

8 U.K. ICTA is amended as follows.

F1 9 U.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1 Sch. 8 para. 9 repealed (with effect in accordance with s. 26(3) of the amending Act) by Finance Act 2012 (c. 14), s. 26(2)(e); S.I. 2015/1999, art. 2

10 U.K. In section 750(3)(b) (disregard of certain double taxation relief) for “Part XVIII” substitute “ Part 2 of TIOPA 2010 (double taxation relief) ”.

11 U.K. In section 751(6)(a) (“creditable tax” includes amounts of double taxation relief) for “Part XVIII” substitute “ Part 2 of TIOPA 2010 (double taxation relief) ”.

12 U.K. In section 755A(4A)(b) (dividend paid by controlled foreign company to company carrying on life assurance business) for “subsection (4) of section 804B of this Act” substitute “ subsection (5) of section 97 of TIOPA 2010 ”.

13 U.K. Omit section 788 (giving effect to double taxation arrangements).

14 U.K. Omit section 789 (conversion of references to the profits tax in arrangements given effect under old law).

15 U.K. Omit section 790 (unilateral relief).

16 U.K. Omit section 791 (power to make regulations giving effect to section 788 and double taxation arrangements).

17 U.K. Omit sections 792 to 798C (which contain rules about double taxation relief by way of credit).

18 U.K. Omit sections 799 and 801 to 801B (double taxation relief: dividends).

19 U.K. Omit sections 803 to 804E and 804G to 806 (further rules about credit relief).

20 (1) Amend section 806A as follows. U.K.

(2) In subsection (2)—

(a) in paragraph (c) for “section 801A” substitute “ section 67(6) of TIOPA 2010 ”,

(b) in paragraph (c) for “subsection (1)(b) of that section” substitute “ section 67(3) of that Act ”,

(c) in paragraph (d) for “section 803” substitute “ section 70(2) of TIOPA 2010 ”,

(d) in paragraph (d) for “subsection (1)(b) of that section” substitute “ section 70(1)(d) of that Act ”, and

(e) in paragraph (e) for “section 811” substitute “ section 112 of TIOPA 2010 ”.

(3) In subsection (4)(a) for “section 797” substitute “ section 42(2) of TIOPA 2010 ”.

(4) In subsection (5)—

(a) for “section 799(1)” substitute “ section 57(1) of TIOPA 2010 ”,

(b) for “section 801(2) or (3)” substitute “ section 65(4) of TIOPA 2010 ”, and

(c) for “subsection (2) or (3) of section 801” substitute “ section 65(4) of TIOPA 2010 ”.

21 (1) Amend section 806B as follows. U.K.

(2) In subsection (2)(b) for “section 797” substitute “ section 42 of TIOPA 2010 ”.

(3) In subsection (3)(b) for “section 799(1)” substitute “ section 57(1) of TIOPA 2010 ”.

(4) In subsection (4)—

(a) in paragraph (a) for “section 799(1)” substitute “ section 57(1) of TIOPA 2010 ”,

(b) in paragraph (b) for “section 799(1A)” substitute “ Step 3 in section 58(1) of TIOPA 2010 ”,

(c) in paragraph (b) for “M%” substitute “ M ”, and

(d) in paragraph (b)(ii) for “U” substitute “ PA ”.

(5) In subsection (5)—

(a) for “subsection (2) or (3) of section 801” substitute “ section 65(4) of TIOPA 2010 ”,

(b) in each of paragraphs (a), (b)(ii) and (c)(ii) for “subsection (2) or (3), as the case may be, of section 801” substitute “ section 65(4) of TIOPA 2010 ”,

(c) for “section 799(1A)” substitute “ Step 3 in section 58(1) of TIOPA 2010 ”,

(d) for “M%” substitute “ M ”, and

(e) for “U” substitute “ PA ”.

(6) In subsection (7)(b) for “section 799(1)” substitute “ section 59 of TIOPA 2010 ”.

(7) In subsection (10)—

(a) in the definition of “lower level dividend” for “section 801(2) or (3)” substitute “ section 65(4) of TIOPA 2010 ”,

(b) in paragraph (a) of the definition of “the relevant tax” for “section 799(1)” substitute “ section 57(1) of TIOPA 2010 ”, and

(c) in paragraph (b) of that definition for “section 801(2) or (3)” substitute “ section 65(4) of TIOPA 2010 ”.

22 U.K. In section 806C(3) and (4) for “this Part” substitute “ Part 2 of TIOPA 2010 ”.

23 U.K. In section 806D(3), (4) and (5) for “this Part” substitute “ Part 2 of TIOPA 2010 ”.

24 U.K. In section 806F(1) and (2) for “this Part” substitute “ Part 2 of TIOPA 2010 ”.

25 (1) Amend section 806J (interpretation of sections 806A to 806J) as follows. U.K.

(2) In subsection (5)(b) for “subsection (6)(b) of section 790” substitute “ section 15 or 16 of TIOPA 2010 ”.

(3) In subsection (5) for “subsection (10) of that section” substitute “ section 12(3) of TIOPA 2010 ”.

(4) For subsection (6) substitute—

“(6) For the purposes of the foreign dividend provisions of this Chapter a company is related to another company if that other company—

(a) controls directly or indirectly, or

(b) is a subsidiary of a company which controls directly or indirectly,

at least 10% of the voting power in the first-mentioned company.”

(5) In subsection (7) in the definition of “the mixer cap” for “section 799(1)” substitute “ Step 6 in section 58(1) of TIOPA 2010 ”.

26 U.K. Omit sections 806L and 806M (unrelieved foreign tax).

27 U.K. Omit sections 807 and 807A (provision, in connection with relief, about accrued income profits and about loan relationships).

28 U.K. Omit sections 807B to 807G (provisions related to the Mergers Directive).

29 U.K. Omit sections 808A to 809 and 811 (provision, in connection with relief, about interest, royalties and discretionary trusts, and for deductions where no credit allowed).

F2 30 U.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F2 Sch. 8 paras. 30, 31 repealed (31.1.2013) by Statute Law (Repeals) Act 2013 (c. 2), s. 3(2), Sch. 1 Pt. 10 Group 1

F2 31 U.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F2 Sch. 8 paras. 30, 31 repealed (31.1.2013) by Statute Law (Repeals) Act 2013 (c. 2), s. 3(2), Sch. 1 Pt. 10 Group 1

32 U.K. Omit sections 815A to 815B and 816 (provision, in connection with relief, about transfer of non-UK trades, about foreign enterprises and about cases presented under arrangements, and provision about the Arbitration Convention and about disclosure of information).

33 U.K. In section 828(4) (orders and regulations not subject to annulment) omit “791”.

F3 34 U.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F3 Sch. 8 para. 34 omitted (17.7.2012) by virtue of Finance Act 2012 (c. 14), Sch. 16 para. 247(x)

35 (1) Amend Schedule 26 (reliefs against liability for tax in respect of chargeable profits of controlled foreign companies) as follows. U.K.

(2) In paragraph 3(5)(b) for “Part XVIII” substitute “ Part 2 of TIOPA 2010 ”.

(3) In paragraph 4(2) for “Part XVIII” substitute “ Part 2 of TIOPA 2010 (double taxation relief) ”.

(4) In paragraph 4(4) for “section 796 or section 797” substitute “ section 36, 40, 41 or 42 of TIOPA 2010 ”.

(5) In paragraph 5(1) for paragraphs (a) and (b) substitute—

“(a) arrangements which have effect under section 2(1) of TIOPA 2010 (double taxation relief by agreement with territories outside the United Kingdom), or

(b) unilateral relief arrangements for a territory outside the United Kingdom (as defined by section 8 of that Act),”.

(6) In paragraph 5(1) for “Part XVIII” substitute “ Part 2 of TIOPA 2010 ”.

(7) In paragraph 5(2) for “section 795(2)(b)” substitute “ section 31(2)(b) and (3) of TIOPA 2010 ”.

(8) In paragraph 6(1)(c) for “Part XVIII” substitute “ Part 2 of TIOPA 2010 ”.

36 U.K. Omit Schedule 28AB (prescribed schemes and arrangements for purposes of section 804ZA).