15.—(1) In relation to a securitisation company, ICTA has effect as if it were subject to the following modification.
(2) In section 12 (basis of, and periods for, assessment)(1), in subsection (3) after paragraph (e) insert—
“(f)the company becoming or ceasing to be a securitisation company to which regulation 14 of the Taxation of Securitisation Companies Regulations 2006 applies.”.
Section 12 was amended by paragraphs 3 and 7 of Schedule 9 to the Finance Act 1990 (c.29), paragraph 11(2) and (3) of Schedule 24 to the Finance Act 1996 (c. 8), section 196 of, and paragraph 1 of Schedule 41 to, the Finance Act 2003 (c. 14), section 42 of, and paragraph 20(2) and (3) of Schedule 9 to, the Finance (No. 2) Act 2005 (c. 22) and articles 13 and 14 of S.I. 2001/3629.