SCHEDULES

SCHEDULE 1Minor and consequential amendments

Part 1Income and Corporation Taxes Act 1988

171

1

Amend section 736B (deemed manufactured payments in the case of stock lending arrangements) as follows.

2

In subsection (2)—

a

after “that Schedule” insert “ , and section 97 of the Finance Act 1996 (loan relationships: manufactured interest), ”, and

F1b

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

In subsection (2A)—

a

in paragraph (a) omit “income tax or”, and

b

in paragraph (b) omit “total income or, as the case may be,”.