Part 2 Amendments Consequential on Part 1 of This Schedule
Finance Act 2014 (2014 c 26) | Legislation

Part 2 Amendments Consequential on Part 1 of This Schedule

Finance Act 1998

6

In Schedule 18 to FA 1998 (company tax returns, assessments and related matters), in paragraph 8 (calculation of tax payable), in subsection (1), for “section 19, 20 or 21 of the Corporation Tax Act 2010 (marginal relief for companies with small profits)†substitute “Chapter 3A of Part 8 of the Corporation Tax Act 2010 (marginal relief for companies with small ring fence profits etc)â€.

Finance Act 2000

7

In Schedule 22 to FA 2000 (tonnage tax), in paragraph 57 (exclusion of relief or set-off against tax liability), in sub-paragraph (6), for paragraph (a) substitute—

“(a)     any reduction under Chapter 3A of Part 8 of CTA 2010 (marginal relief for companies with small ring fence profits), orâ€.

Capital Allowances Act 2001

8

In section 99 of CAA 2001 (long-life assets: the monetary limit)—

(a)     in subsection (4)—

(i)     for “If, in a chargeable period, a company has one or more associated companies†substitute “In the case of a company (“Câ€), if, in a chargeable period, one or more companies are related 51% group companies of Câ€, and

(ii)     for “number of associatedâ€

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