Income and Corporation Taxes Act 1988 (c. 1)
21(1)Amend section 806B as follows.
(2)In subsection (2)(b) for “section 797” substitute “section 42 of TIOPA 2010”.
(3)In subsection (3)(b) for “section 799(1)” substitute “section 57(1) of TIOPA 2010”.
(4)In subsection (4)—
(a)in paragraph (a) for “section 799(1)” substitute “section 57(1) of TIOPA 2010”,
(b)in paragraph (b) for “section 799(1A)” substitute “Step 3 in section 58(1) of TIOPA 2010”,
(c)in paragraph (b) for “M%” substitute “M”, and
(d)in paragraph (b)(ii) for “U” substitute “PA”.
(5)In subsection (5)—
(a)for “subsection (2) or (3) of section 801” substitute “section 65(4) of TIOPA 2010”,
(b)in each of paragraphs (a), (b)(ii) and (c)(ii) for “subsection (2) or (3), as the case may be, of section 801” substitute “section 65(4) of TIOPA 2010”,
(c)for “section 799(1A)” substitute “Step 3 in section 58(1) of TIOPA 2010”,
(d)for “M%” substitute “M”, and
(e)for “U” substitute “PA”.
(6)In subsection (7)(b) for “section 799(1)” substitute “section 59 of TIOPA 2010”.
(7)In subsection (10)—
(a)in the definition of “lower level dividend” for “section 801(2) or (3)” substitute “section 65(4) of TIOPA 2010”,
(b)in paragraph (a) of the definition of “the relevant tax” for “section 799(1)” substitute “section 57(1) of TIOPA 2010”, and
(c)in paragraph (b) of that definition for “section 801(2) or (3)” substitute “section 65(4) of TIOPA 2010”.