SCHEDULES
SCHEDULE 4Cross-border group relief
PART 1Consequential amendments
1CTA 2010
1
CTA 2010 is amended as follows.
2
Omit section 129(3).
3
Omit sections 135 and 136 together with the heading before section 135.
4
In section 137(1) (deduction from total profits), omit “or 135”.
5
In section 142 (meaning of “the overlapping period”)—
a
in subsection (1) omit the words from “or” to the end;
b
in subsection (3) for “consortium condition 3” to the end substitute “or, consortium condition 3.”
6
In section 168 (meaning of “the relevant accounting period”), omit subsections (2) and (3).
7
In section 179(3) (cases in which surrendering or claimant company is non-UK resident), omit the words from “But” to the end.
8
In section 188(1) (other definitions)—
a
in the definition of “the claimant company” omit the words from “or” to the end;
b
in the definition of “the claim period” omit the words from “or” to the end;
c
in the definition of “the surrenderable amounts” omit the words from “or” to the end;
d
in the definition of “surrendering company” omit the words from “or” to the end;
e
in the definition of “the surrender period” omit the words from “or” to the end.
9
In section 269DB (meaning of “non-banking group relief”)—
a
in subsection (1) omit paragraph (b) and the “or” preceding it;
b
omit subsections (2) to (8).
10
In Schedule 4 (index of defined expressions) omit the following entries—
a
“EEA accounting period”;
b
“EEA amount”;
c
“EEA related company”;
d
“EEA territory”.