2Schedule 18 to FA 1998 (company tax returns) is amended as follows.
3In paragraph 25(3)—
(a)insert “or” at the end of paragraph (b), and
(b)omit paragraph (d) and the “or” preceding it.
4In paragraph 42(4)—
(a)insert “or” at the end of paragraph (a), and
(b)omit paragraph (c) and the “or” preceding it.
5In section A1 of CTA 2009 (overview of the Corporation Tax Acts), in subsection (2)—
(a)omit paragraph (h), and
(b)after that paragraph insert—
“(ha)Part 6A of that Act (hybrid and other mismatches),”.
6CTA 2010 is amended as follows.
7In section 938N (group mismatch schemes: priority)—
(a)omit paragraph (d), and
(b)after that paragraph insert—
“(da)Part 6A of that Act (hybrid and other mismatches);”.
8In section 938V (tax mismatch schemes: priority)—
(a)omit paragraph (c), and
(b)after that paragraph insert—
“(ca)Part 6A of TIOPA 2010 (hybrid and other mismatches);”.
9TIOPA 2010 is amended as follows.
10In section 1 (overview of Act), in subsection (1)—
(a)omit paragraph (c), and
(b)after that paragraph insert—
“(ca)Part 6A (hybrid and other mismatches),”.
11In section 157 (direct participation), in subsection (1)—
(a)omit the “and” at the end of paragraph (b), and
(b)after paragraph (c) insert “, and
(d)in Part 6A, section 259NB(4).”
12In section 158 (indirect participation: defined by sections 159 to 162), in subsection (4)—
(a)omit the “and” at the end of paragraph (b), and
(b)after paragraph (c) insert “, and
(d)in Part 6A, section 259NB(4),”.
13In section 159 (indirect participation: potential direct participant), in subsection (1)—
(a)omit the “and” at the end of paragraph (b), and
(b)after paragraph (c) insert “, and
(d)in Part 6A, section 259NB(4).”
14In section 160 (indirect participation: one of several major participants), in subsection (1)—
(a)omit the “and” at the end of paragraph (b), and
(b)after paragraph (c) insert “, and
(d)in Part 6A, section 259NB(4).”
15Omit Part 6 (tax arbitrage).
16Omit Part 4 of Schedule 11 (tax arbitrage: index of defined expressions used in Part 6).
17After that Part of that Schedule insert—
| arrangement (in Part 6A) | section 259NF |
| CFC and CFC charge (in Part 6A) | section 259B(4) |
| the Commissioners (in Part 6A) | section 259NF |
| control group (in Part 6A) | section 259NB |
| deduction period (in Chapter 10 of Part 6A) | section 259JA(5)(a) |
| dual resident company (in Chapter 10 of Part 6A) | section 259JA(3) |
| dual territory double deduction amount (in Chapter 10 of Part 6A) | section 259JA(5) |
| dual territory double deduction (in Chapter 11 of Part 6A) | section 259KB |
| excessive PE deduction (in Chapter 6 of Part 6A) | section 259FA(8) |
| excessive PE deduction (in Chapter 11 of Part 6A) | section 259KB |
| financial instrument (in Part 6A) | section 259N |
| foreign CFC and foreign CFC charge (in Part 6A) | section 259B(4) |
| foreign deduction period (in Chapter 10 of Part 6A) | section 259JA(5)(b) |
| hybrid entity (in Part 6A) | section 259BE |
| hybrid entity deduction period (in Chapter 9 of Part 6A) | section 259IA(2)(a) |
| hybrid entity double deduction amount (in Chapter 9 of Part 6A) | section 259IA(4) |
| hybrid or otherwise impermissible deduction/non-inclusion mismatch (in Chapter 3 of Part 6A) | section 259CB |
| hybrid payee (in Chapter 7 of Part 6A) | section 259GA(3) |
| hybrid payee deduction/non-inclusion mismatch (in Chapter 7 of Part 6A) | section 259GB |
| hybrid payer (in Chapter 5 of Part 6A) | section 259EA(3) |
| hybrid payer deduction/non-inclusion mismatch (in Chapter 5 of Part 6A) | section 259EB |
| hybrid transfer arrangement (in Chapter 4 of Part 6A) | section 259DB |
| hybrid transfer deduction/non-inclusion mismatch (in Chapter 4 of Part 6A) | section 259DC |
| imported mismatch payment (in Chapter 11 of Part 6A) | section 259KA(2) |
| imported mismatch arrangement (in Chapter 11 of Part 6A) | section 259KA(2) |
| investor (in Part 6A) | section 259BE(4) |
| investor deduction period (in Chapter 9 of Part 6A) | section 259IA(2)(b) |
| investor jurisdiction (in Part 6A) | section 259BE(4) |
| mismatch payment (in Chapter 11 of Part 6A) | section 259KA(6) |
| multinational company (in Chapter 6 of Part 6A) | section 259FA(3) |
| multinational company (in Chapter 8 of Part 6A) | section 259HA(4) |
| multinational payee deduction/non-inclusion mismatch (in Chapter 8 of Part 6A) | section 259HB |
| ordinary income (in Part 6A) | sections 259BC and 259BD |
| over-arching arrangement (in Chapter 11 of Part 6A) | section 259KA(5) |
| P (in Chapter 11 of Part 6A) | section 259KA(3) |
| parent jurisdiction (in Chapter 6 of Part 6A) | section 259FA(3)(a) |
| parent jurisdiction (in Chapter 8 of Part 6A) | section 259HA(4)(a) |
| parent jurisdiction (in Chapter 10 of Part 6A) | section 259JA(4)(b)(ii) |
| payee (in Part 6A) | section 259BB(6) |
| payee jurisdiction (in Part 6A) | section 259BB(9) |
| payer (in Part 6A) | section 259BB(1)(a) or (2) |
| payment (in Part 6A) | section 259BB(1) |
| payment period (in Part 6A) | section 259BB(1)(b) or (2) |
| PE jurisdiction (in Chapter 8 of Part 6A) | section 259HA(4)(b) |
| PE jurisdiction (in Chapter 10 of Part 6A) | section 259JA(4)(a) |
| PE jurisdiction (in Chapter 11 of Part 6A) | section 259KB(3)(a) |
| permanent establishment (in Part 6A) | section 259BF |
| quasi-payment (in Part 6A) | section 259BB(2) to (5) |
| related (in Part 6A) | section 259NC |
| relevant deduction (in Part 6A) | section 259BB(1)(b) or (2)(a) |
| relevant investment fund (in Part 6A) | section 259NA |
| relevant mismatch (in Chapter 11 of Part 6A) | section 259KA(6) |
| relevant multinational company (in Chapter 10 of Part 6A) | section 259JA(4) |
| relevant PE period (in Chapter 6 of Part 6A) | section 259FA(4) |
| series of arrangements (in Chapter 11 of Part 6A) | section 259KA(5) |
| substitute payment (in Chapter 4 of Part 6A) | section 259DB(5) |
| tax (in Part 6A) | section 259B |
| taxable period (in Part 6A) | section 259NF |
| taxable profits (in Part 6A) | sections 259BC(2) and 259BD(5) |
| underlying instrument (in Chapter 4 of Part 6A) | section 259DB(3) |
| underlying return (in Chapter 4 of Part 6A) | section 259DB(5)(b)” |