20(1)None of the following, namely—U.K.
(a)the existence of the powers of any Minister of the Crown or the BBC under Part VI of this Act or under the documents regulating the BBC,
(b)any direction given by a Minister of the Crown under that Part or those documents, so far as that direction relates to a transfer scheme or (in a case where there is a preparatory scheme) to the sale of shares or securities issued by the successor company, or
(c)any arrangements (of any kind, whether in writing or not) so far as relating to a transfer scheme or any such sale,
shall be regarded as constituting arrangements falling within [F1section 154(3) or 155(3) of the Corporation Tax Act 2010] .
(2)Neither—
(a)the existence of the powers of any Minister of the Crown or the BBC under Part VI of this Act or under the documents regulating the BBC, nor
(b)any direction given as mentioned in sub-paragraph (1)(b),
shall be regarded as constituting option arrangements [F2within the meaning given by section 173 of the Corporation Tax Act 2010] .
(3)Any reference in sub-paragraph (1) or (2) to the documents regulating the BBC is a reference to those documents only so far as they have effect in relation to a disposal by the BBC of—
(a)the whole or any part of the BBC transmission network, or
(b)any shares or securities of a successor company,
or the initiating, advancing or facilitating of any such disposal.
(4)In this paragraph “Minister of the Crown” has the same meaning as in the Ministers of the M1Crown Act 1975.
Textual Amendments
F1Words in Sch. 7 para. 20(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 294(4) (with Sch. 2)
F2Words in Sch. 7 para. 20(2) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 294(5) (with Sch. 2)
Marginal Citations