SCHEDULES

SCHEDULE 12U.K.Tax credit for certain foreign distributions

Part 2U.K.Consequential provision

TMA 1970U.K.

7U.K.TMA 1970 is amended as follows.

F18U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F19U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F110U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F111U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F112U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F113U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F114U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ICTAU.K.

F115U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

FA 1993U.K.

F116U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ITTOIA 2005U.K.

17U.K.ITTOIA 2005 is amended as follows.

18U.K.In section 403(1) (dividends from non-UK resident companies: income charged), omit “full”.

F219U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F320U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

21U.K.In section 408 (reduction in tax due in cases within section 407), after subsection (2) insert—

“(2A)In subsection (2) “the tax due” means the amount of tax due as a result of section 407 after deduction of the tax credit determined in accordance with section 407(4A).”

22U.K.In section 688(1) (income not otherwise charged), omit “full”.

ITA 2007U.K.

23U.K.ITA 2007 is amended as follows.

24U.K.In section 425(5) (gift aid: deductions when calculating total amount of income tax to which individual charged for a tax year)—

(a)in paragraph (a), omit “and” at the end of sub-paragraph (v), and

F4(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F525U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F626U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

27(1)Section 592 (no tax credits for borrower under stock lending arrangement) is amended as follows.U.K.

(2)In subsection (1)—

F7(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b)in paragraph (c), omit “UK”, and

F8(c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F9(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

28(1)Section 593 (no tax credits for interim holder under repo) is amended as follows.U.K.

(2)In subsection (1)—

F10(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b)in paragraphs (b) and (d), omit “UK”, and

F11(c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F12(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

29(1)Section 594 (no tax credits for original owner under repo) is amended as follows.U.K.

(2)In subsection (1)—

F13(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b)in paragraph (b), omit “UK”,

(c)in paragraph (d)—

F14(i). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(ii)omit “UK”, and

F15(d). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F16(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1730U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1831U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .