SCHEDULES
SCHEDULE 1Minor and consequential amendments
Part 1Income and Corporation Taxes Act 1988
287
1
Amend Schedule 25 (cases where section 747(3) does not apply) as follows.
2
In paragraph 2(1A)—
a
for paragraph (a) substitute—
a
it is chargeable neither under Chapter 2 of Part 3 of CTA 2009 as profits of a trade carried on wholly or partly in the United Kingdom nor under section 436A (gross roll-up business: separate charge on profits);
b
in paragraph (b) for the words from “Case I” to “above” substitute “
Chapter 2 of Part 3 of CTA 2009 as profits of a trade carried on wholly or partly in the United Kingdom, or under section 436A
”
.
3
In paragraph 2(1B)(a) for “section 208” substitute “
section 1285 of CTA 2009
”
.
4
In paragraph 4(1A)—
a
for paragraph (a) substitute—
a
it is chargeable neither under Chapter 2 of Part 3 of CTA 2009 as profits of a trade carried on wholly or partly in the United Kingdom nor under section 436A (gross roll-up business: separate charge on profits);
b
in paragraph (b) for the words from “Case I” to “above” substitute “
Chapter 2 of Part 3 of CTA 2009 as profits of a trade carried on wholly or partly in the United Kingdom, or under section 436A
”
.
5
In paragraph 12(6) for “Case I of Schedule D” substitute “
section 35 of CTA 2009
”
.