Insertion of new Chapters 3A and 3B
3.Paragraph 2 inserts two new Chapters into Part 10 of CTA10:
Chapter 3A which imposes a tax charge when close companies enter arrangements with a tax avoidance purpose; and
Chapter 3B which dictates how certain repayments and return payments are treated.
Both of these new Chapters are treated as having come into force on 20 March 2013 as announced by the Government on that day.