(1)In section 91A(6) of the Taxes Act 1988 (relevant licence for the purposes of restoration payments), after paragraph (b) there shall be inserted “or
(c)any authorisation under the M1Radioactive Substances Act 1960 or the M2Radioactive Substances Act 1993 for the disposal of radioactive waste or any nuclear site licence under the M3Nuclear Installations Act 1965.”
(2)In section 91B of that Act (preparation expenditure for waste disposal), after subsection (10) there shall be inserted the following subsection—
“(10A)For the purposes of this section any expenditure incurred for the purposes of a trade by a person about to carry it on shall be treated as if it had been incurred by that person on the first day on which he does carry it on and in the course of doing so.”
(3)This section shall have effect in relation to any case where the trade in question is begun after 31st March 1993.