Paragraph 392

United Kingdom

(1)

Amend section 219 (Lloyd's underwriters: taxation of profits) as follows.

(2)

In subsection (2)—

(a)

in paragraph (a) for “Case I of Schedule D” substitute “ Part 3 of the Corporation Tax Act 2009 ”, and

(b)

in paragraph (b) for the words from “under” to the end substitute “ otherwise than under Part 3 of the Corporation Tax Act 2009 ”.

(3)

In subsection (3)—

(a)

for “Case I of Schedule D” substitute “ Part 3 of the Corporation Tax Act 2009 ”, and

(b)

for the words from “under any other” to the end substitute “ otherwise than under Part 3 of that Act ”.

F1(4)

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(5)

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Annotations

F1: Sch. 1 para. 392(4)(5) omitted (with effect in accordance with Sch. 14 para. 31 of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 14 para. 30(e)