SCHEDULES

SCHEDULE 1Minor and consequential amendments

Part 1Income and Corporation Taxes Act 1988

161

1

Amend section 709 (meaning of “tax advantage” and other expressions) as follows.

2

In subsection (1) for “tax”, in each place where it occurs, substitute “corporation tax”.

3

In subsection (4)(a) for “he”, in both places where it occurs, substitute “the recipient”.

4

In subsection (6)(a)—

a

for “he”, in both places where it occurs, substitute “the recipient”, and

b

for “him” substitute “the recipient”.

5

In the sidenote for ““tax advantage”” substitute ““corporation tax advantage””.