Part 3 Double Taxation Relief
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

Part 3 Double Taxation Relief

Conversion of references to the profits tax in old arrangements

11

(1)     Sub-paragraph (2) applies to any arrangements—

(a)     made in relation to the profits tax (which was abolished by section 46(3) of FA 1965), and

(b)     specified in an Order in Council made—

(i)     under section 347 of the Income Tax Act 1952, or

(ii)     under any earlier enactment corresponding to that section.

(2)     The arrangements have effect—

(a)     in relation to corporation tax as they are expressed to have effect in relation to the profits tax (and not as they had effect in relation to income tax), and

(b)     in relation to income to which the charge to corporation tax on income applies, and in relation to gains to which the charge to corporation tax on chargeable gains applies, as they are expressed to have effect in relation to profits chargeable to the profits tax,

but with the substitution of accounting periods for chargeable accounting periods.

(3)     Sub-paragraph (2) applies subject to any contrary provision contained in arrangements—

(a)     made after the passing of FA 1965 (which was passed on 5 August 1965), and

(b)     specified in an Order in Council made—

(i)

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