Part 3 Other Amendments
Finance Act 2012 (2012 c 14) | Legislation

Part 3 Other Amendments

TMA 1970

10

TMA 1970 is amended as follows.

11

In section 55 (recovery of tax not postponed) in subsection (1) omit paragraph (d).

12

In section 59E (provision about when corporation tax due and payable) in subsection (11) for paragraph (b) substitute—

“(b)     to any sum charged on a company at step 5 in section 371BC(1) of TIOPA 2010 (controlled foreign companies) as if it were an amount of corporation tax;â€.

13

In section 59F (arrangements for paying tax on behalf of group members) in subsection (6) for paragraph (b) and the “and†after it substitute—

“(b)     a sum charged on a company at step 5 in section 371BC(1) of TIOPA 2010 (controlled foreign companies) as if it were an amount of corporation tax, andâ€.

ICTA

14

In ICTA omit Chapter 4 of Part 17 (controlled foreign companies).

FA 1998

15

FA 1998 is amended as follows.

16

In section 32 (unrelieved surplus advance corporation tax) for subsection (5) substitute—

“(5)     The provision which may be made by regulations under this section includes provision for or in connection with enabling unrelieved

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