Finance Act 2018

Consequential amendments

11 (1) Paragraph 47 is amended in accordance with this paragraph.

(2) In sub-paragraph (11), for the words from “paragraph 16(1)(c) and (d)” to the end substitute “paragraph 15S(1)(d) and (e), 15T(1)(e) and (f), 15Z3(1)(c) and (d), 25(1)(c) and (d), 27A(1)(d) and (e) or 27B(1)(d) and (e).”

(3) In sub-paragraph (14)—

(a) in the words before paragraph (a), after ““relevant member”” insert “means”;

(b) for paragraphs (a) and (b) substitute—

“(a) a chargeable UK resident entity which is a member of the relevant group;

(b) a UK sub-group of the relevant group;

(c) a relevant foreign bank which is a member of the relevant group.”