FA 1995
Section 126 of FA 1995
3480.This section no longer applies for corporation tax purposes, following the amendment of it by FA 2003 and the enactment of the scheme of corporation tax for non-UK resident companies. In subsection (7A)(b) the reference to section 114 of ICTA would need amendment but the whole of paragraph (b) is no longer needed and so is repealed by this Act.
Section 127 of FA 1995
3481.This amendment is a consequence of removing the term “profit share return” from the provisions covering alternative finance arrangements. Refer to the commentary on section 513. Sub-paragraph (ca) is amended to include what is currently profit share return under section 49A of FA 2005 and sub-paragraph (cb) can be omitted.