{
  "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004",
  "json_url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004.json",
  "id": "uksi/2004/2310",
  "title": "The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004",
  "short_title": "Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) 2004",
  "long_title": "This Order makes consequential adjustments to the Corporation Tax Acts required by the amendments to sections 75 and 76 of the Income and Corporation Taxes Act 1988 (c. 1) which are made by section 38 to 40 and 45 of, and Schedule 6 to, the Finance Act 2004 (c. 12). In what follows “ICTA” means the 1988 Act and the former sections 75 and 76 are referred to below as “old sections 75 and 76” while their successors are referred to as “new sections 75 and 76”.",
  "citation": "S.I. 2004/2310",
  "type": "uksi",
  "year": "2004",
  "number": "2310",
  "version": "current",
  "date": "2004-09-07",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 9,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "Citation, commencement, effect and interpretation",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/article-1",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": "Amendments to enactments in consequence of sections 38, 40 and 45 of, and Schedule 6 to, the Finance Act 2004",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/article-2",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/signature",
      "extent": null,
      "status": null,
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    },
    {
      "path": "schedule",
      "kind": "schedule",
      "number": null,
      "heading": "EXPENSES OF COMPANIES WITH INVESTMENT BUSINESS AND INSURANCE COMPANIES",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "schedule/crossheading/finance-act-1950",
      "kind": "crossheading",
      "number": null,
      "heading": "Finance Act 1950",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "schedule"
    },
    {
      "path": "schedule/paragraph/1",
      "kind": "paragraph",
      "number": "1",
      "heading": "Treatment of enemy debts written off during World War II",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-1",
      "extent": null,
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      "parent": "schedule/crossheading/finance-act-1950"
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    {
      "path": "schedule/crossheading/taxes-act-1988",
      "kind": "crossheading",
      "number": null,
      "heading": "Taxes Act 1988",
      "url": null,
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    },
    {
      "path": "schedule/paragraph/2",
      "kind": "paragraph",
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      "heading": null,
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-2",
      "extent": null,
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      "parent": "schedule/crossheading/taxes-act-1988"
    },
    {
      "path": "schedule/paragraph/3",
      "kind": "paragraph",
      "number": "3",
      "heading": "Relief for contributions to certain bodies",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-3",
      "extent": null,
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    },
    {
      "path": "schedule/paragraph/4",
      "kind": "paragraph",
      "number": "4",
      "heading": "Costs of establishing share option or profit sharing schemes: relief",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-4",
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    {
      "path": "schedule/paragraph/5",
      "kind": "paragraph",
      "number": "5",
      "heading": "Payment to trustees of approved profit sharing schemes",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-5",
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      "parent": "schedule/crossheading/taxes-act-1988"
    },
    {
      "path": "schedule/paragraph/6",
      "kind": "paragraph",
      "number": "6",
      "heading": "Costs of establishing employee share ownership trusts",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-6",
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    },
    {
      "path": "schedule/paragraph/7",
      "kind": "paragraph",
      "number": "7",
      "heading": "Employees seconded to charities and educational establishments",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-7",
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    {
      "path": "schedule/paragraph/8",
      "kind": "paragraph",
      "number": "8",
      "heading": "Charitable donations: contributions to agent’s expenses",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-8",
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    },
    {
      "path": "schedule/paragraph/9",
      "kind": "paragraph",
      "number": "9",
      "heading": "Payments to Export Credits Guarantee Department",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-9",
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    {
      "path": "schedule/paragraph/10",
      "kind": "paragraph",
      "number": "10",
      "heading": "Additional payments to redundant employees",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-10",
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    },
    {
      "path": "schedule/paragraph/11",
      "kind": "paragraph",
      "number": "11",
      "heading": "Other grants under Industrial Development Act 1982 etc",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-11",
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    {
      "path": "schedule/paragraph/12",
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      "number": "12",
      "heading": "Schedule A losses",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-12",
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      "path": "schedule/paragraph/13",
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      "heading": "Write-off of government investment",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-13",
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    {
      "path": "schedule/paragraph/14",
      "kind": "paragraph",
      "number": "14",
      "heading": "Group relief: meaning of “management expenses” in section 403",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-14",
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    {
      "path": "schedule/paragraph/15",
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      "number": "15",
      "heading": "Computation of gross profits",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-15",
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    {
      "path": "schedule/paragraph/16",
      "kind": "paragraph",
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      "heading": "Limitation of group relief in relation to certain dual resident companies",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-16",
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    {
      "path": "schedule/paragraph/17",
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      "heading": "Losses from Schedule A business or overseas property business",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-17",
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    {
      "path": "schedule/paragraph/18",
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      "heading": "General annuity business",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-18",
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    {
      "path": "schedule/paragraph/19",
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      "heading": "Transfers of business",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-19",
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      "path": "schedule/paragraph/20",
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      "heading": "Authorised unit trusts",
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      "path": "schedule/paragraph/21",
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      "heading": "Interest distributions",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-21",
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      "path": "schedule/paragraph/22",
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      "heading": "Credit unions",
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      "path": "schedule/paragraph/23",
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      "heading": "Business entertaining expenses",
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      "heading": "Expenditure involving crime",
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      "path": "schedule/paragraph/26",
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      "heading": "Statutory redundancy payments",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-26",
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      "path": "schedule/paragraph/27",
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      "heading": "Gifts of shares, securities and real property to charities etc",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-27",
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    {
      "path": "schedule/paragraph/28",
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      "heading": "Training courses for employees",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-28",
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      "path": "schedule/paragraph/29",
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      "heading": "Counselling services for employees",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-29",
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      "path": "schedule/paragraph/30",
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      "heading": "Exempt approved schemes",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-30",
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      "path": "schedule/paragraph/31",
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      "number": "31",
      "heading": "Social security benefits and contributions",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-31",
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    {
      "path": "schedule/paragraph/32",
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      "heading": "Sale and lease-back: limitation on tax reliefs",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-32",
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    {
      "path": "schedule/paragraph/33",
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      "heading": "Assets leased to traders and others",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-33",
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      "path": "schedule/paragraph/34",
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      "heading": "Limits on credit for foreign tax: corporation tax",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-34",
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      "path": "schedule/paragraph/35",
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      "heading": "Share incentive plans: corporation tax deductions",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-35",
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      "path": "schedule/paragraph/36",
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      "heading": "Modification of the Taxes Act 1988 in relation to overseas life insurance companies",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-36",
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      "path": "schedule/paragraph/37",
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      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-37",
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      "path": "schedule/paragraph/38",
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      "heading": "Controlled foreign companies: relief against liability for tax in respect of chargeable profits",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-38",
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    },
    {
      "path": "schedule/paragraph/39",
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      "heading": "Change in ownership of investment company: deductions",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-39",
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    },
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      "path": "schedule/paragraph/40",
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      "heading": "Provision not at arm’s length",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-40",
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    {
      "path": "schedule/crossheading/finance-act-1988",
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      "heading": "Finance Act 1988",
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    {
      "path": "schedule/paragraph/41",
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      "heading": "Consideration for certain restrictive undertakings",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-41",
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    },
    {
      "path": "schedule/crossheading/finance-act-1989",
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      "heading": "Finance Act 1989",
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      "extent": null,
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      "parent": "schedule"
    },
    {
      "path": "schedule/paragraph/42",
      "kind": "paragraph",
      "number": "42",
      "heading": "Investment and insurance companies: computation",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-42",
      "extent": null,
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    },
    {
      "path": "schedule/paragraph/43",
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      "heading": "Non-approved retirement benefit schemes",
      "url": "https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-43",
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    },
    {
      "path": "schedule/paragraph/44",
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