SCHEDULES

SCHEDULE 39E+W+S+N.I.Repeal of miscellaneous reliefs etc

PART 7 E+W+S+N.I.Miscellaneous

Deeply discounted securities: incidental expensesE+W+S+N.I.

48(1)In section 455 of ITTOIA 2005 (listed securities held since 26 March 2003: calculating the profit or loss on disposals)—E+W+S+N.I.

(a)in subsection (1), after “incurred” insert “ before 6 April 2015 ”, and

(b)in subsection (3)(b), after “incurred” insert “ before 6 April 2015 ”.

(2)The amendments made by this paragraph have effect for the tax year 2015-16 and subsequent tax years.

Grants for giving up agricultural landE+W+S+N.I.

49(1)Section 249 of TCGA 1992 (grants for giving up agricultural land) is repealed.E+W+S+N.I.

(2)Accordingly, the italic heading before that section becomes Woodlands.

(3)The amendments made by this paragraph have effect in relation to disposals made on or after 6 April 2013.

Reduction for meal vouchersE+W+S+N.I.

50(1)Section 89 of ITEPA 2003 (reduction for meal vouchers) is repealed.E+W+S+N.I.

(2)Accordingly, in that Act—

(a)in section 87 (benefit of non-cash voucher treated as earnings), omit subsection (6), and

(b)in Schedule 7 (transitionals and savings), omit paragraph 18.

(3)The amendments made by this paragraph have effect for the tax year 2013-14 and subsequent tax years.

Black beerE+W+S+N.I.

51(1)ALDA 1979 is amended as follows.E+W+S+N.I.

(2)In section 1 (alcoholic liquors dutiable under ALDA 1979)—

(a)in subsection (3), omit from “, but” to the end of the subsection, and

(b)in subsection (5), omit “black beer,”.

(3)In section 4(1) (interpretation), omit the definition of “black beer”.

(4)In section 55(5)(b) (made-wine: exception to requirement for excise licence), omit “or black beer”.

(5)The amendments made by sub-paragraphs (2) and (3) come into force on 1 April 2013.

(6)The amendment made by sub-paragraph (4) has effect in relation to the use on or after 1 April 2013 of ingredients that include black beer.