(2)In this Act “the Taxes Act” means the M1Income and Corporation Taxes Act 1970.

(3)Part II of this Act so far as it relates to income tax shall be construed as one with the Income Tax Acts and so far as it relates to corporation tax shall be construed as one with the Corporation Tax Acts.

(4)Part III of this Act shall be construed as one with Part I of the M2Oil Taxation Act 1975.

(5)The enactments mentioned in Schedule 5 to this Act are hereby repealed to the extent specified in the third column of that Schedule, but subject to any provision at the end of any Part of that Schedule.