SCHEDULES

SCHEDULE 1Consequential amendments

Part 1Income and Corporation Taxes Act 1988

113

1

Amend section 231 (tax credits for certain recipients of qualifying distributions) as follows.

2

In subsection (1)—

a

for “sections” to “1993” substitute “ sections 231AA and 231AB of this Act ”,

b

for the words from “where” to “charged” substitute “ for corporation tax purposes where ”, and

c

omit “or a person resident in the United Kingdom, not being a company”.

3

Omit subsections (3) and (3AA).

4

In subsection (4) for “he” in both places where it occurs substitute “ that person ”.