SCHEDULES

SCHEDULE 19Income tax credits for foreign distributions

Consequential amendments of other Acts

9

In TMA 1970, in—

(a)

sections 8(1AA)(b) and 8A(1AA)(b) (personal return and trustee return: amount payable by way of income tax),

(b)

section 9(1)(b) (self-assessment of amount payable by way of income tax),

(c)

sections 12AA(1A)(b) and 12AB(5) (partnership return etc; amount payable by way of income tax), and

(d)

sections 59A(8)(b) and 59B(2)(b) (payments of and on account of income tax),

for “397A(2)” substitute “ 397A(1) ”

10

In ICTA

(a)

in section 824(4A)(b) (repayment supplements: individuals and others), for “397A(2)” substitute “ 397A(1) ”, and

(b)

in section 840ZA(3)(b) (meaning of “tax advantage”), after “397(1)” insert “ or 397A(1) ”.

11

In section 171(2B) of FA 1993 (Lloyd's underwriters etc: taxation of profits and allowance of losses), for “397A(2)” substitute “ 397A(1) ”.

12

In Part 2 of Schedule 1 to ITEPA 2003 (definitions), in the entry for “tax credit”, in the second column, after “397(1)” insert “ or 397A(1) ”.

13

In ITA 2007—

F1(a)

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

F2(b)

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

(c)

in section 989 (definitions), in the definition of “tax credit”,

for “397A(2)” substitute “ 397A(1) ”.