Corporation Tax Act 2009 (c. 4)E+W+S
140E+W+SThe Corporation Tax Act 2009 is amended as follows.
141E+W+SFor “registered industrial and provident society” (in each place where those words occur except in Schedule 4) substitute “ registered society ”.
142E+W+SFor “the Industrial and Provident Societies Act 1965” (in each place) substitute “ the Co-operative and Community Benefit Societies Act 2014 ”.
143E+W+SFor “industrial and provident societies” (in each place where those words occur except in section 465 or in the short title of an enactment) substitute “ registered societies ”.
144E+W+SIn section 465(3)(d) (exclusion of distributions except in tax avoidance cases) for “registered industrial and provident societies” substitute “ registered societies ”.
145E+W+SIn section 499 (industrial and provident society payments treated as interest under loan relationship) in the heading for “Industrial and provident society” substitute “ Registered society ”.
146E+W+SIn Schedule 4 (index of defined expressions)—
(a)omit the entry for “registered industrial and provident society”;
(b)after the entry for “registered pension scheme” insert—
“registered society | section 1119 of CTA 2010”. |