Part 3 Consequential Amendments
Finance Act 2021 (2021 c 26) | Legislation

Part 3 Consequential Amendments

FA 1998

12

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

Corporation Tax (Instalment Payments) Regulations 1998

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(1)     The Corporation Tax (Instalment Payments) Regulations 1998 (interpretation) are amended as follows.

(2)     In regulation 2 (interpretation)—

(a)     in paragraph (1), omit the entry for “related 51% group companyâ€,

(b)     in paragraph (2), for “section 279G†substitute “sections 18L and 18Mâ€, and

(c)     after that paragraph insert—

“(2A)     The rules in Part 3A of CTA 2010 (see sections 18E to 18J) which apply for determining whether a company is another company's associated company in an accounting period for the purposes of section 18D of that Act apply for the purposes of these Regulations.â€

(3)     In regulations 3 and 3A (large and very large companies), for “related 51% group†(in each place) substitute “associatedâ€.

FA 2000

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