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”.