Income and Corporation Taxes Act 1970 (repealed 6.4.1992)

• (b) in the Finance Act 1967 paragraph 9 of Schedule 11 as it applies to the said paragraph 6(3).

• (3) For the purposes of section 289 of this Act the distributions of a close company for an accounting period shall be taken to consist (in addition to the dividends and distributions mentioned in section 291(1) of this Act) of any amount by which the directors' remuneration paid for the period exceeds the deduction allowed for it in computing the company's income for the period.

• (4) No deduction shall be made under section 289(5) of this Act from the distributions for any accounting period so as to reduce those distributions below the amount of the directors' remuneration included in the distributions in computing them for the purposes of section 289.

• (5) At the end of section 298(2) of this Act (before the proviso) there shall be added the words " or amounts treated as such for the purposes of section 289 above ".

15

Any power which the Board may exercise under section 301 of this Act for the purposes of sections 296 to 300 may be exercised by the inspector for the purposes of section 74 of the Finance Act 1965.

Close company's distributable income

16

As respects accounting periods beginning before the year 1971-72, at the end of section 291(2)(a) of this Act insert

and (iii) any deduction made by virtue of section 87 of the Finance Act 1965 by way of allowance in respect of any source of income

.

Close companies: meaning of "associate"

17

• (1) As respects any time before 15th April 1969 proviso (ii) to section 303(3) of this Act shall have effect as if after the words " individual in question " there were inserted " is not in receipt of remuneration from the company of more than £4,000 per annum and ".

• (2) In the amendment so made " remuneration " has the meaning given by paragraph 18(3) of Schedule 5 to the Finance Act 1966.

Children's settlements: irrevocable dispositions made before 22nd April 1936

18

• (1) This paragraph shall not apply in relation to any settlement, as defined for the purpose of Chapter II of Part XVI of this Act, except a settlement made or entered into before 22nd April 1936 which, immediately before that date, was an irrevocable settlement within the meaning of the said Chapter II.

• (2) Subject to the provisions of this paragraph, any income which, by virtue or in consequence of any disposition made, directly or indirectly, by any person after 5th April 1914, is payable to or applicable for the benefit of a child of that person for some period less than the life of the child shall, if and so long as the child is an infant and unmarried, be deemed for all the purposes of the Income Tax Acts to be the income of the person, if living, by whom the disposition was made and not to be the income of any other person.

• (3) This paragraph shall not apply as regards any income which is derived from capital which, at the end of the period during which that income is payable to or applicable for the benefit of the child, is required by the disposition to be held on trust absolutely for, or to be transferred to, the child, or any income which is payable to or applicable for the benefit of a child during the whole period of the life of the person by whom the disposition was made.

• (4) Income shall not be deemed, for the purposes of this paragraph, to be payable to or applicable for the benefit of a child for some period less than its life by reason only that the disposition contains a provision for the payment to some other person of the income in the event of the bankruptcy of the child, or of an assignment thereof, or a charge thereon, being executed by the child.

• (5) In this paragraph, unless the context otherwise requires—

• " child " includes a stepchild or illegitimate child, and

• " disposition " includes any trust, covenant, agreement or arrangement.

• (6) Sections 435 and 436 of this Act shall apply as if this paragraph were contained in Chapter I of Part XVI of this Act, and this paragraph, notwithstanding that it is referred to in Chapter II of Part XVI of this Act, shall not be construed as one with that Chapter.

Cancellation of tax advantages and transfer of assets abroad

19

• (1) In paragraph A(a) of section 461 of this Act the reference to any exemption from tax shall, in relation to any distribution made after 29th April 1969, include a reference to any limitation (as well as any exemption) applied by section 31(2) of the Finance Act 1966 (transitory provisions for dividends paid to non-residents) to the amount of income tax under Schedule F chargeable in respect of a dividend.

This sub-paragraph shall be construed as one with Chapter I of Part XVII of this Act.

• (2) As respects years of assessment before the year 1966-67, in subsection (3) of section 481 of this Act, for the words from " The bodies corporate mentioned" to the end of that subsection there shall be substituted the words " The bodies corporate mentioned in the preceding provisions of this section are bodies corporate resident or incorporated outside the United Kingdom which are, or, if they were incorporated in the United Kingdom, would be, investment companies to which section 245 of the Income Tax Act 1952 applies ; and ' investment companies' here has the meaning given by section 257 of that Act ".

Dividend stripping and bond washing

20

With respect to distributions made before 30th April 1969, the repeals made by this Act shall not affect section 65 of the Finance Act 1965 (dividend stripping), or any other enactment which, except with respect to such distributions, is repealed by Part IV of Schedule 21 to the Finance Act 1969, or section 31(4)(a) of the Finance Act 1966 (which amends the said section 65).

Tax avoidance: provisions repealed by Finance Act 1969

21

• (1) This paragraph applies to the following provisions (which by virtue of section 32(15) of the Finance Act 1969 ceased to have effect as respects any transaction or event carried out or occurring on or after 15th April 1969).

The said provisions are—

• (a) in the Finance Act 1960, sections 21 to 24, all of section 25 except subsection (4), and section 26, and

• (b) in the Finance Act 1962, sections 23 and 24 and in section 25 subsection (1) except so far as it relates to section 28, and subsection (2).

• (2) As respects transactions or events carried out or occurring before 15th April 1969 the repeals made by this Act shall not affect the said provisions, or any enactment relating to those provisions.

• (3) Relief under subsection (4) of the said section 21 of the Finance Act 1960 shall be given on the making of a claim to the Board, and any appeal on the claim shall he to the General Commissioners unless the appellant elects that it shall lie instead to the Special Commissioners.

• (4) For the purpose of section 292(1) of this Act any such amount as, in relation to a company, is directed by section 21(2), section 25(1) or section 26(2) of the Finance Act 1960, or section 24(11) of the Finance Act 1962, to be treated as investment income, shall be deemed to be income of the company and to be investment income, and references in any enactment to the definition of " trading company " in the said section 292(1) shall be construed accordingly.

Disallowance of interest as a deduction

22

As respects annual interest paid before 6th April 1970 on a debt incurred before 16th April 1969 section 519(1)(b) of this Act shall have effect as if the words " (not being interest)" in that paragraph were omitted.

Transitional relief for companies existing in 1965 with overseas trading income

23

• (1) In section 84 of the Finance Act 1965 " trade " has the same meaning as in Part XI of this Act.

• (2) If under paragraph 3(4)(b) of Schedule 20 to the Finance Act 1965 the appropriate fraction of a loss incurred by one company is set off (for the purposes of subsection (3) of the said section 84) against the income of another company, any group relief in respect of that part of the loss shall be left out of account in any computation under the said subsection (3) as respects that other company or any other company.

• (3) In subsection (5) of the said section 84 the reference to section 48 of the Finance Act 1965 shall include a reference to section 256 of this Act, and in subsection (8)(b) of the said section 84 the reference to Part XIII of the Income Tax Act 1952 shall include a reference to Part XVIII of this Act.

• (4) In paragraph 3(4)(a) of Schedule 20 to the Finance Act 1965 the reference to section 62 of the Finance Act 1965 shall include a reference to sections 254 and 255 of this Act.

Transitional relief for companies existing in 1965 on cessation of trade, etc.

24

• (1) In section 87(7) of the Finance Act 1965 the reference to section 430(1) of the Income Tax Act 1952 shall include a reference to section 316(1) of this Act.

• (2) In paragraph 3(8) of Schedule 21 to the Finance Act 1965 " control" shall be construed in accordance with section 302 of this Act, and the reference to Schedule 18 to the Finance Act 1965 shall be omitted.

Investment allowances

25

Nothing in the repeals made by this Act shall affect the operation of any enactment relating to investment allowances in respect of expenditure incurred before 17th January 1966, or in respect of such expenditure as is referred to in section 35(2) of the Finance Act 1966 (existing contracts)..

Capital allowances: free depreciation

26

Nothing in the repeals made by this Act shall affect section 38 or section 39 of the Finance Act 1963, or any enactment supplementing or amending those sections, so far as those sections remain in force by virtue of the saving in Part V of Schedule 13 to the Finance Act 1966.

Expired taxes

27

• (1) Nothing in the repeals made by this Act shall affect any enactment or instrument as it applies to or for the purposes of excess profits tax, excess profits levy, the profits tax or the special contribution.

• (2) Sub-paragraph (1) above shall not apply to—

• (a) section 504 of the Income Tax Act 1952 (re-enacted in section 105 of the Taxes Management Act 1970),

• (b) paragraphs 9 and 10 of Schedule 6 to the Finance Act 1966 (re-enacted in section 39 of the said Act of 1970), or

• (c) section 43 of the Finance Act 1967 (re-enacted in section 45 of the said Act of 1970).

• (3) Subsections (1) and (3) of section 45 of the Taxes Management Act 1970 shall not apply to proceedings under paragraph 9 of Schedule 7 to the Finance Act 1960 (profits tax penalties).

• (4) In section 105 of the said Act of 1970 " tax " shall include excess profits tax and the profits tax.

Functions of the Minister for the Civil Service

28

If and so far as any functions conferred on the Minister for the Civil Service by this Act, or by the Taxes Management Act 1970, are not comprised in the descriptions of functions transferred to the said Minister from the Treasury by the Minister for the Civil Service Order 1968, those functions shall be exercisable by the Treasury, and not by the said Minister.

Validity of subordinate legislation

29

So far as this Act or the Taxes Management Act 1970 re-enacts any provision contained in a statutory instrument made in exercise of powers conferred by any Act, it shall be without prejudice to the validity of that provision, and any question as to its validity shall be determined as if the re-enacted provision were contained in a statutory instrument made under those powers.

SCHEDULE 15

Betterment levy

1

In section 51 of the Land Commission Act 1967 (interest on betterment levy), after subsection (2) insert—

(2A) Interest payable to the Commission by virtue of this section at the rate determined by the Betterment Levy (Rate of Interest) (No. 2) Order 1969, or by any subsequent order under subsection (2) above, shall be paid without deduction of income tax.

.

Reserved taxes for purposes of Government of Ireland Act 1920

2

In the Government of Ireland Act 1920, after section 22(1) insert—

(1A) This Act shall have effect as if the capital gains tax and corporation tax were included among the taxes mentioned in subsection (1) above.

Friendly societies and trade unions

3

• (1) In section 26(2) of the Finance Act 1956, for the words from the beginning to " ceases to be paid " substitute—

(2) If, in the event of a dissolution of any registered friendly society or registered trade union, any approved annuity as defined in section 226(13) of the Income and Corporation Taxes Act 1970 ceases to be paid,

.

• (2) For section 29(9) of the Finance Act 1966 substitute—

(9) Part II of Schedule 8 to this Act shall be construed in accordance with subsections (2) and (3) of section 337 of the Income and Corporation Taxes Act 1970.

.

• (3) For paragraph 5(4)(b) of Schedule 8 to the Finance Act 1966 substitute—

(b) any approved annuities as defined in section 226(13) of the Income and Corporation Taxes Act 1970.

.

Post-war credits

4

In the Income Tax (Repayment of Post-War Credits) Act 1959, after section 1(6) insert—

(6A) Notwithstanding any other enactment relating to summary jurisdiction, proceedings for an offence under subsection (6) above may be commenced at any time within three years from the time when the offence was committed.

Capital allowances

5

• (1) The Capital Allowances Act 1968 shall be amended as follows.

• (2) In section 6(5)(a), for " Case VIII of Schedule D " substitute " Schedule A ".

• (3) For section 12(3) substitute—

(3) The reference in this section to the permanent discontinuance of a trade does not include a reference to the happening of any event which, by virtue of section 154 or 251(1) of the principal Act (changes in persons carrying on a trade, and special rules for corporation tax), is to be treated as equivalent to the discontinuance of the trade.

• (4) At the end of section 15 add—

(4) Section 42 of the Taxes Management Act 1970 shall apply to any claim under this section for relief from corporation tax, but, without prejudice to section 71(3) of this Act, not to any other claim under this section.

• (5) In section 48(1), for paragraphs (a) and (b) substitute " of section 154 or 251(1) of the principal Act (changes in persons carrying on a trade, and special rules for corporation tax) ".

• (6) In section 67(3), for the words from the beginning to " permanently discontinued " substitute—

(3) For the purposes of this section, a trade shall not be treated by virtue of section 154 or 251(1) of the principal Act (changes in persons carrying on a trade, and special rules for corporation tax) as permanently discontinued

.

• (7) In section 69, in the definitions of " agricultural income " and " forestry income", for " Case VIII of Schedule D" substitute " Schedule A ".

• (8) At the end of section 70(3) add—

Section 42 of the Taxes Management Act 1970 shall not apply to any such claim.

.

• (9) In section 71(3), for the words from "made to the inspector" to the end of the proviso substitute " (that is to say, a claim to which section 42 of the Taxes Management Act 1970 applies) ".

• (10) In section 74(3), for " may claim" substitute " may, on making a claim (to which section 42 of the Taxes Management Act 1970 applies), require ".

• (11) In section 74(4), for "Part IV of the Finance Act 1965 " substitute " the Corporation Tax Acts ".

• (12) In section 79(1), for paragraphs (a) and (b) substitute " of section 154 or 251(1) of the principal Act (changes in persons carrying on a trade, and special rules for corporation tax) ".

• (13) At the end of section 100 add—

(5) In this Act " the principal Act" means the Income and Corporation Taxes Act 1970.

.

• (14) In paragraph 8(1)(a) of Schedule 2, before " Schedule D" insert " Schedule A or ".

Chargeable gain

6

• (1) In section 39 of the Finance Act 1965—

• (a) in subsection (1), for " sections 347 and 348 of the Income Tax Act 1952 (double taxation relief and unilateral relief), with Schedules 16 and 17 to that Act" substitute " Chapters I and II of Part XVIII of the Income and Corporation Taxes Act 1970 as they apply for the purposes of income tax ",

• (b) in subsection (2), for " the said section 347" substitute " section 347 of the Income Tax Act 1952 ",

• (c) in subsection (3), for " the said provisions of the Income Tax Act 1952" substitute " the said Chapters I and II ", and for " those provisions of the Income Tax Act 1952 " substitute " those Chapters, " and

• (d) in subsection (4), for "Section 353 of the Income Tax Act 1952" substitute " Section 518 of the Income and Corporation Taxes Act 1970 ".

• (2) In section 45(1) of the Finance Act 1965, insert the following definitions (after those of " company " and " control " respectively)—

• ' close company ' has the meaning given by sections 282 and 283 of the Income and Corporation Taxes Art 1970 ;

• ' inspector ' means any inspector of taxes ;

.

• (3) At the end of paragraph 4 of Schedule 6 to the Finance Act 1965 add—

(3) Except as provided by section 269 of the Income and Corporation Taxes Act 1970 (companies: interest charged to capital), no payment of interest shall be allowable under this paragraph,

.

• (4) In paragraph 6(b) of Schedule 13 to the Finance Act 1967, for " paragraph 2(1) of Schedule 13 to that Act" substitute " section 273(1) of the Income and Corporation Taxes Act 1970 " ; and (in consequence), in paragraph 6(c) of that Schedule, for " that Act" substitute " the Finance Act 1965 ".

• (5) In paragraph 23(1) of Schedule 12 to the Finance Act 1968, for paragraph (b) substitute the following—

(b) ' group ' shall be construed in accordance with subsections (1) (without paragraph (a)), (3) and (4) of section 272 of the Income and Corporation Taxes Act 1970.

• (6) In paragraph 22(3) of Schedule 19 to the Finance Act 1969, for " the said paragraph 7(2) of Schedule 7 " substitute " paragraph 7(2) of Schedule 7 to the Finance Act 1965 or section 267 of the Income and Corporation Taxes Act 1970 ".

7

Section 207 of this Act (residence) shall apply in relation to capital gains tax as it applies for the purposes mentioned in that section.

Estate Duty

8

In section 37(3) of the Finance Act 1958, for the reference to subsection (1) of that section substitute a reference to section 215(1) of this Act.

9

• (1) In section 88(2) of the Finance Act 1965 (consequential amendments for estate duty), for the reference to Part IV of the Finance Act 1965 substitute a reference to the Corporation Tax Acts.

• (2) Nothing in this Act shall affect the operation of section 58(1) of the Finance Act 1940.

General powers of amendment in Acts relating to overseas countries

10

Where under any Act passed before this Act and relating to a country or territory outside the United Kingdom there is a power to affect Acts passed or in force before a particular time, or instruments made or having effect under such Acts, and the power would, but for the passing of this Act or the Taxes Management Act 1970, have included power to change the law which is reproduced in, or is made or has effect under, this Act or the said Taxes Management Act, then that power shall include power to make such provision as will secure the like change in the law reproduced in, or made or having effect under, this Act or the said Taxes Management Act, notwithstanding that neither Act is an Act passed or in force before that time.

Translation of references to enactments repealed and re-enacted

11

In the enactments specified in column 1 of the following Table, for the words in column 2 substitute the words in column 3, adding, except as otherwise indicated—

• (a) for those in Part I of the Table, " of the Taxes Management Act 1970 ", and

• (b) for those in Part II, " of the Income and Corporation Taxes Act 1970 ", or, in the case of enactments contained in the Capital Allowances Act 1968, " of the principal Act ",

(but in all cases saying " to ", instead of " of", if the substituted words refer to a Schedule rather than a section).

Enactment amended	Words to be replaced	Corresponding provision of the Taxes Management Act 1970
The Post Office Savings Bank Act 1954 (1954 c. 62)	The Post Office Savings Bank Act 1954 (1954 c. 62)	The Post Office Savings Bank Act 1954 (1954 c. 62)
In the Post Office Savings Bank Act 1954	In the Post Office Savings Bank Act 1954	In the Post Office Savings Bank Act 1954
section	section	section
10(2)	subsection (3) of section twenty-nine of the Income Tax Act 1952.	section 17(3).
The Finance Act 1965 (1965 c. 25)	The Finance Act 1965 (1965 c. 25)	The Finance Act 1965 (1965 c. 25)
In the Finance Act 1965	In the Finance Act 1965	In the Finance Act 1965
section	section	section
45(1)	section 373 of the Income Tax Act 1952.	section 82.
Schedule 10 paragraph	Schedule 10 paragraph	Schedule 10 paragraph
3(3)	section 7 or section 9(6) of the Income Tax Management Act 1964.	section 8 or 42(5).
4(1)	sections 495 to 497 of the Income Tax Act 1952 as applied by this Schedule.	Part IX (except sections 87 and 88).
The National Insurance Act 1965 (1965 c. 51)	The National Insurance Act 1965 (1965 c. 51)	The National Insurance Act 1965 (1965 c. 51)
In the National Insurance Act 1965	In the National Insurance Act 1965	In the National Insurance Act 1965
section	section	section
15(3)	Sections 46 and 47 of the Finance Act 1960.	Section 98.
The Finance Act 1966 (1966 c. 18)	The Finance Act 1966 (1966 c. 18)	The Finance Act 1966 (1966 c. 18)
In the Finance Act 1966	In the Finance Act 1966	In the Finance Act 1966
Schedule 6	Schedule 6	Schedule 6
paragraph	paragraph	paragraph
23(3)	Section 50 of the Finance Act 1960.	Section 99.
23(4)	Sections 47(3) and 48(3) of the Finance Act 1960.	Subsections (1) and (2) of section 97.
23(4)	the said section 47.	section 95 of that Act (without adding more words).
23(5)	Section 58 of the Finance Act 1960.	Section 88.
The National Insurance Act (Northern Ireland) 1966 (1966 c. 6 (N.I.))	The National Insurance Act (Northern Ireland) 1966 (1966 c. 6 (N.I.))	The National Insurance Act (Northern Ireland) 1966 (1966 c. 6 (N.I.))
In the National Insurance Act (Northern Ireland) 1966	In the National Insurance Act (Northern Ireland) 1966	In the National Insurance Act (Northern Ireland) 1966
section	section	section
14(3)	Sections 46 and 47 of the Finance Act 1960.	Section 98.
The Finance Act 1968 (1968 c. 44)	The Finance Act 1968 (1968 c. 44)	The Finance Act 1968 (1968 c. 44)
In the Finance Act 1968	In the Finance Act 1968	In the Finance Act 1968
section	section	section
43(11)	Part III of the Finance Act 1960.	Part X.
column 2 of Schedule 6 to that Act	column 1 of the Table in section 98 of that Act (without adding more words).
the said Part III	the said Part X (without adding more words).
46(4)	section 9 of the Income Tax Management Act 1964.	section 42.
50(4)	Part III of the Finance Act 1960.	Part X.
50(4)	column 2 of Schedule 6 to that Act	column 1 of the Table in section 98 of that Act (without adding more words).
50(4)	the said Part III.	the said Part X (without adding more words).
Enactment amended	Words to be replaced	Corresponding provision of this Act
The Finance Act 1952 (1952 c. 33)	The Finance Act 1952 (1952 c. 33)	The Finance Act 1952 (1952 c. 33)
In the Finance Act 1952	In the Finance Act 1952	In the Finance Act 1952
section	section	section
30(4)	section one hundred and fifty-seven of the Income Tax Act 1952 (or section one of the Income Tax (Employments) Act 1943).	section 204.
The Ministerial Salaries and Members' Pensions Act 1965 (1965 c. 11)	The Ministerial Salaries and Members' Pensions Act 1965 (1965 c. 11)	The Ministerial Salaries and Members' Pensions Act 1965 (1965 c. 11)
In the Ministerial Salaries and Members' Pensions Act 1965	In the Ministerial Salaries and Members' Pensions Act 1965	In the Ministerial Salaries and Members' Pensions Act 1965
section	section	section
13(1)(a)	section 379 of the Income Tax Act 1952.	section 208.
The Finance Act 1965 (1965 c. 25)	The Finance Act 1965 (1965 c. 25)	The Finance Act 1965 (1965 c. 25)
In the Finance Act 1965	In the Finance Act 1965	In the Finance Act 1965
section	section	section
20(2) proviso.	Part XHI of the Income Tax Act 1952.	Part XVIII.
21(2)	section 525(1)(b) of the Income Tax Act 1952.	section 530(1)(b).
21(2)	Part VIII of the Income Tax Act 1952.	Chapter II of Part I.
21(2)	sections 219 and 225.	sections 19 and 20 (without adding more words).
27(2)	section 17(6) of this Act.	section 166(1).
34(6)	paragraph 8 of Schedule 18 to this Act.	section 292(1).
37(1)	section 67 of this Act.	section 357.
38(2)	section 36(1) of this Act.	section 208(2).
38(2)	provisions of section 67.	provisions of section 357.
38(2)	within section 67(1) of this Act.	an authorised unit trust within the meaning of section 358.
41(5)(c)	section 50(2)(6) of this Act.	section 246(2)(b).
42(7)	the same meanings as in Chapter HI of Part XVUI of the Income Tax Act 1952.	the meanings given by section 454(3).
45(1)	paragraph 3 of Schedule 18 to this Act.	section 302.
45(1)	section 423(4) of the Income Tax Act 1952.	section 432(4).
45(1)	section 143(4) of the Income Tax Act 1952 as extended by section 35(5) of the Finance Act 1960.	section 137(4).
45(3)	section 361(1)(2) of the Income Tax Act 1952.	section 42(1)(2).
45(6)	section 24 of the Finance Act 1953.	subsections (4) to (7) of section 122.
45(6)	it would apply for purposes of section 132(3) of the Income Tax Act 1952.	they would apply for purposes of subsection (3) of the said section 122 (without adding more words).
45(7)(c)	section 147 of the Income Tax Act 1952.	section 153(1)(2).
45(8)	authorised unit trust scheme within the meaning of section 71 of the Finance Act 1960.	authorised unit trust within the meaning of section 358.
93(6)	section 43 of the Finance Act 1963.	section 341.
94(1)	section 12(5) of the Finance Act 1962.	section 163(1).
94(3)	Chapter II of Part II of the Finance Act 1962.	Chapter VIII of Part VI.
Schedule 6	Schedule 6	Schedule 6
paragraph	paragraph	paragraph
3(2)(a)	Schedule 9 to the Finance Act 1962.	Schedule 7.
3(3)(a)	the said Schedule 9.	the said Schedule 7 (without adding more words).
3(4)	the said Schedule 9.	the said Schedule 7 (without adding more words).
3(7)	section 13(3) of the Finance Act 1962.	section 164(4).
3(7)	section 13(5).	section 164(6) (without adding more words).
6(4)(a)	section 313 of that Act.	section 79(1).
6(4)(b)	paragraph 16 of Schedule 4 to the Finance Act 1963.	section 76.
6(4)(c)	section 22 of the Finance Act 1954.	section 141.
18(1)	section 249 of the Income Tax Act 1952 (under which, as extended by section 78(7) of this Act, individuals may be assessed to surtax in respect of sums apportioned under Chapter III of Part IX of the Income Tax Act 1952 or under Part IV of this Act).	section 297 (consequences of apportioning close company's income for purposes of surtax).
18(2)	subsection (5) of the said section 249.	subsection (8) of the said section 297 (without adding more words).
18(5)	the said section 249.	the said section 297 (without adding more words).
26(5)	Schedule 9 to the Finance Act 1962.	Schedule 7.
Schedule 7	Schedule 7	Schedule 7
paragraph	paragraph	paragraph
2(4)	Schedule 9 to the Finance Act 1962.	Schedule 7.
21(3)	section 411(4) of the Income Tax Act 1952.	section 454.
21(3)	Chapter III of Part XVIII of the Income Tax Act 1952).	subsection (3) of the said section 454) (without adding more words).
Schedule 8	Schedule 8	Schedule 8
paragraph	paragraph	paragraph
5(1)	section 22 of the Finance Act 1963.	section 80.
5(2)	the said section 22.	the said section 80 (without adding more words).
5(3)	section 22(6) of the said Act.	subsection (6) of the said section 80 (without adding more words).
5(4)	section 24 of the Finance Act 1963.	section 82.
5(5)	section 22 of the Finance Act 1963.	section 80.
5(6)	Chapter II of Part II of the Finance Act 1963.	Part III.
6(1)	paragraph 9(1) of Schedule 4 to the Finance Act 1963.	section 83(2).
6(2)	section 23 of the Finance Act 1963.	section 81.
6(3)	section 24(2)(6) of the Finance Act 1963.	section 82(2)(6).
7	section 22(2) of the Finance Act 1963.	section 80(2).
9(2)	section 17 of the Finance Act 1964.	section 492.
Schedule 10	Schedule 10	Schedule 10
paragraph	paragraph	paragraph
3(4)	Section 359 (collection from wife of tax assessed on husband attributable to her income) and section 360 (right of husband to disclaim liability for tax on deceased wife's income) of the Income Tax Act 1952.	Section 40 (collection from wife of tax assessed on husband attributable to her income) and section 41 (right of husband to disclaim liability for tax on deceased wife's income).
The National Insurance Act 1965 (1965 c. 51)	The National Insurance Act 1965 (1965 c. 51)	The National Insurance Act 1965 (1965 c. 51)
In the National Insurance Act 1965	In the National Insurance Act 1965	In the National Insurance Act 1965
section	section	section
15(1)	section 157 (pay as you earn) of the Income Tax Act 1952.	section 204 (pay as you earn).
15(2)(b)	the said section 157.	the said section 204 (without adding more words).
15(3)	the said section 157.	the said section 204 (without adding more words)
The National Insurance Act (Northern Ireland) 1966 (1966 c. 6 (N.I.))	The National Insurance Act (Northern Ireland) 1966 (1966 c. 6 (N.I.))	The National Insurance Act (Northern Ireland) 1966 (1966 c. 6 (N.I.))
In the National Insurance Act (Northern Ireland) 1966	In the National Insurance Act (Northern Ireland) 1966	In the National Insurance Act (Northern Ireland) 1966
section	section	section
14(1)	section 157 (pay as you earn) of the Income Tax Act 1952.	section 204 (pay as you earn).
14(2)(b)	the said section 157.	the said section 204 (without adding more words).
14(3)	the said section 157.	the said section 204 (without adding more words).
The Land Commission Act 1967 (1967 c. 1)	The Land Commission Act 1967 (1967 c. 1)	The Land Commission Act 1967 (1967 c. 1)
In the Land Commission Act 1967	In the Land Commission Act 1967	In the Land Commission Act 1967
Schedule 13	Schedule 13	Schedule 13
paragraph	paragraph	paragraph
5(8)(b)	Chapter III of Part XVUI of the Income Tax Act 1952.	section 454(3).
5(8)(c)	paragraph 3 of Schedule 18 to the Finance Act 1965.	section 302.
The Forestry Act 1967 (1967 c. 10)	The Forestry Act 1967 (1967 c. 10)	The Forestry Act 1967 (1967 c. 10)
In the Forestry Act 1967	In the Forestry Act 1967	In the Forestry Act 1967
Schedule 1	Schedule 1	Schedule 1
paragraph	paragraph	paragraph
9(2)(b)	section 384 of the Income Tax Act 1952.	section 210.
The Housing Subsidies Act 1967 (1967 c. 29)	The Housing Subsidies Act 1967 (1967 c. 29)	The Housing Subsidies Act 1967 (1967 c. 29)
In the Housing Subsidies Act 1967	In the Housing Subsidies Act 1967	In the Housing Subsidies Act 1967
section	section	section
26(4)	section 43 of the Finance Act 1963.	section 341.
26(4)	subsection (1)0) of the said section 43.	section 341(1)0).
26(4)	paragraph 2 of Schedule 10 to the said Act of 1963.	section 341(10).
32(1)	section 43 of the Finance Act 1963.	section 341.
The Finance Act 1967 (1967 c. 54)	The Finance Act 1967 (1967 c. 54)	The Finance Act 1967 (1967 c. 54)
In the Finance Act 1967	In the Finance Act 1967	In the Finance Act 1967
Schedule 13	Schedule 13	Schedule 13
paragraph	paragraph	paragraph
5(1)	paragraph 2(1) of Schedule 13 to that Act.	section 273(1).
Schedule 14	Schedule 14	Schedule 14
paragraph	paragraph	paragraph
8(b)	paragraph 2(1) of Schedule 13 to that Act.	section 273(1).
The Provisional Collection of Taxes Act 1968 (1968 c. 2)	The Provisional Collection of Taxes Act 1968 (1968 c. 2)	The Provisional Collection of Taxes Act 1968 (1968 c. 2)
In the Provisional Collection of Taxes Act 1968	In the Provisional Collection of Taxes Act 1968	In the Provisional Collection of Taxes Act 1968
section	section	section
5(1)(c)	section 49(6) of the Finance Act 1965.	section 243(6).
5(2)	the said section 49(6) and section 492 of the Income Tax Act 1952.	the said section 243(6) and section 522.
The Capital Allowances Act 1968 (1968 c. 3)	The Capital Allowances Act 1968 (1968 c. 3)	The Capital Allowances Act 1968 (1968 c. 3)
In the Capital Allowances Act 1968	In the Capital Allowances Act 1968	In the Capital Allowances Act 1968
section	section	section
15(3)	section 59 of the Finance Act 1965.	section 178.
15(3)	section 59 (twice).	section 178 (without adding more words).
33(2)(6)	Chapter II of Part VI of the Income Tax Act 1952.	Chapter II of Part VIII.
34(3)	Chapter II of Part VI of the Income Tax Act 1952.	Chapter II of Part VIII.
34(4)	Chapter II of Part VI of the Income Tax Act 1952.	Chapter II of Part VIH.
47(4)	paragraph 2 of Schedule 2 to the Finance Act 1956.	section 189(2).
48(6)(a)	section 19 of the Finance Act 1953.	section 154.
60(10)	Schedule 9 to the Finance Act 1963	section 134.
60(10)	paragraph 5 of that Schedule.	subsection (5) of the said section 134 (without adding more words).
60(11)	section 127 of the Income Tax Act 1952.	section 115.
67(3)	section 61(2) of the Finance Act 1965.	section 252(2).
69	section 125 of the Income Tax Act 1952.	section 111.
70(5)	section 20 of the Finance Act 1954.	section 169.
72(2)	section 127 of the Income Tax Act 1952.	section 115.
79(4)	section 19 of the Finance Act 1953.	section 154.
80(3)(b)	section 342 of the Income Tax Act 1952 or section 58(1) of the Finance Act 1965.	section 171 or 177(1).
82(1)	Chapter I of Part VII of the Income Tax Act 1952.	section 52 or 53.
82(2)	section 15(1)(c) of the Finance Act 1965.	section 411(1)(c).
85(4)	section 125 of the Income Tax Act 1952.	section 111.
90	section 137 of the Income Tax Act 1952.	section 130.
91(3)	section 127 of the Income Tax Act 1952.	section 115.
100(2)	section 63(5) of the Finance Act 1965.	section 250(5).
Schedule 2	Schedule 2	Schedule 2
paragraph	paragraph	paragraph
8(1)(c)	section 72(2) of the Finance Act 1960.	section 78(1) or 306(1).
Schedule 10	Schedule 10	Schedule 10
paragraph	paragraph	paragraph
1(5)	section 127 of the Income Tax Act 1952.	section 115.
The Finance Act 1968 (1968 c. 44)	The Finance Act 1968 (1968 c. 44)	The Finance Act 1968 (1968 c. 44)
In the Finance Act 1968	In the Finance Act 1968	In the Finance Act 1968
section	section	section
23(3)	subsection (1) above (twice).	section 236(1).
Schedule 11	Schedule 11	Schedule 11
paragraph	paragraph	paragraph
1(4)(b)	paragraph 2(1) of Schedule 13 to that Act.	section 273(1).
2(5)	paragraph 1 of Schedule 13 to the Finance Act 1965.	subsections (1) and (2) of section 272.
Schedule 12	Schedule 12	Schedule 12
paragraph	paragraph	paragraph
3(3)	section 26(2) of the Finance Act 1952.	section 140(2).
10(2)(b)	Schedule 9 to the Finance Act 1962.	Schedule 7.
11(4)	section 13(4) of the Finance Act 1962.	section 164(5).
11(6)	section 13(8)0) of the Finance Act 1962.	section 164(9)0).
12(2)	paragraph 18(1) of Schedule 9 to the Finance Act 1962.	paragraph 21(1) of Schedule 7.
22(2)	Part I of Schedule 13 to the Finance Act 1965 (group of companies resident in the United Kingdom) without paragraph 1 (definition of company and group) and without paragraph 7 (recovery of tax),	Sections 273 to 275 and 276(1).
22(3)	Paragraphs 18 and 19 above shall apply for the said purposes as if for any reference in those paragraphs.	Sections 278 and 279 of the said Act shall apply for the said purposes as if for any reference therein (without adding more words).
The Finance Act 1969 (1969 c. 32)	The Finance Act 1969 (1969 c. 32)	The Finance Act 1969 (1969 c. 32)
In the Finance Act 1969	In the Finance Act 1969	In the Finance Act 1969
section	section	section
52(1)	section 9 of the Finance Act 1956.	section 414.
58(1)(a)	section 157 of the Income Tax Act 1952.	section 204.
Schedule 18	Schedule 18	Schedule 18
paragraph	paragraph	paragraph
4(3)	Schedule 9 to the Finance Act 1962.	Schedule 7.
Schedule 19	Schedule 19	Schedule 19
paragraph	paragraph	paragraph
10(1)(b)	paragraph 2 of Schedule 13 to that Act.	section 273(1).
15(1)(7)	Chapter II of Part II of the Finance Act 1962.	Chapter VIII of Part VI.
The Trustee Savings Banks Act 1969 (1969 c. 50)	The Trustee Savings Banks Act 1969 (1969 c. 50)	The Trustee Savings Banks Act 1969 (1969 c. 50)
In the Trustee Savings Banks Act 1969	In the Trustee Savings Banks Act 1969	In the Trustee Savings Banks Act 1969
section	section	section
82(3)	section 384 of the Income Tax Act 1952.	section 210.

Amendments converting references about capital allowances to references to the Capital Allowances Act 1968

12

• (1) In Schedule 6 to the Finance Act 1965—

• (a) in paragraph 2(2), for " Part X or Part XI of the Income Tax Act 1952 (capital allowances)" substitute " the Capital Allowances Act 1968 (including the provisions of the Income and Corporation Taxes Act 1970 which under that Act are to be treated as contained in the said Act of 1968) ",

• (b) in paragraph 6(3), for " Schedule 14 to the Income Tax Act 1952" substitute " Schedule 7 to the Capital Allowances Act 1968 ", and for " paragraph 6 or paragraph 7 of Schedule 6 to the Finance Act 1952 " substitute " section 35(2) to (4) or section 48(2) of that Act ",

• (c) in paragraph 6(4)(a), for "Part X or Part XI of the Income Tax Act 1952" substitute " the Capital Allowances Act 1968 (including the provisions of the Income and Corporation Taxes Act 1970 which under that Act are to be treated as contained in the said Act of 1968) " , and

• (d) in paragraph 6(6), for " section 296 of the Income Tax Act 1952 " substitute " section 40 of the Capital Allowances Act 1968 ".

• (2) In section 99(1) of the Capital Allowances Act 1968 (construction of future enactments) after " past or future " insert " (including any amendment made by any such provision in any enactment or instrument passed or made before the passing of this Act) ".

Regulations about double taxation relief

13

In Regulation 6 of the Double Taxation Relief (Taxes on Income) (General) Regulations 1966, the references to section 170 of the Income Tax Act 1952 shall include a reference to section 54 of this Act.

SCHEDULE 16