470(1)Amend Schedule 22 (tonnage tax) as follows.U.K.
(2)In paragraph 50(2)—
(a)in paragraph (a) for “Chapter II of Part IV of the Finance Act 1996” substitute “ Part 5 of the Corporation Tax Act 2009 ”, and
(b)in paragraph (c) for “under Schedule 26 to the Finance Act 2002 (derivative contracts)” substitute “ in accordance with Part 7 of the Corporation Tax Act 2009 (derivative contracts) ”.
(3)For paragraph 51(3) and (4) substitute—
“(3)For the purposes of this paragraph “income from investments” includes anything chargeable to tax under—
(a)Part 4 of the Corporation Tax Act 2009 (property income),
(b)section 299 of that Act (loan relationships: non-trading profits),
(c)Chapter 5 of Part 10 of that Act (distributions from unauthorised unit trusts), or
(d)Chapter 7 of that Part (annual payments not otherwise charged).”
(4)In paragraph 61(6) for “Chapter II of Part IV of the Finance Act 1996” substitute “ Part 5 of the Corporation Tax Act 2009 ”.
(5)In paragraph 62(6) for “Chapter II of Part IV of the Finance Act 1996” substitute “ Part 5 of the Corporation Tax Act 2009 ”.
(6)In paragraph 63(2)—
(a)in paragraph (a) for “Chapter II of Part IV of the Finance Act 1996” substitute “ Part 5 of the Corporation Tax Act 2009 ”,
(b)in paragraph (b) for “under Schedule 26 to the Finance Act 2002 (derivative contracts)” substitute “ in accordance with Part 7 of the Corporation Tax Act 2009 (derivative contracts) ”, and
(c)in paragraph (c) for “section 103(1A) of the Finance Act 1996” substitute “ section 475 of the Corporation Tax Act 2009 ”.