Paragraph 40

In section 187(10) of the Income and Corporation Taxes Act 1988 (interpretation of sections 185 and 186 and Schedules 9 and 10)—

(a)

for “registered industrial and provident society” substitute “ registered society ”;

(b)

for “section 1 of the Industrial and Provident Societies Act 1965” substitute “ section 2 of the Co-operative and Community Benefit Societies Act 2014 ”;

(c)

after “case may be,” insert “ section 1 of ”.