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Paragraph 31

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

In section 570(2) of the Taxes Act 1988 (schemes for rationalizing industry: treatment of certain payments made under such schemes)—

(a)

the words “on a claim it is shown in accordance with the provisions of Part II of Schedule 21 that” shall cease to have effect;

(b)

after “the Tax Acts” there shall be inserted “ and a claim is made to that effect, ”;

(c)

for “that Schedule”, where those words first occur, there shall be substituted “ Schedule 21 ”; and

(d)

at the end there shall be added—

“and paragraph 6 of that Schedule applies for the purposes of this subsection as it applies for the purposes of that Schedule.”