OpenLegislation

Paragraph 7

(1)

Section 43 (groups of companies) is amended as follows.

(2)

In subsection (2A)—

(a)

in paragraph (a), for “falling within Schedule 5” substitute “ to which section 7A(2)(a) applies made ”, and

(b)

in paragraph (c)—

(i)

omit “falling within paragraphs 1 to 8 of Schedule 5”, and

(ii)

insert at the end “and section 7A(2)(a) applied to the supply”.

(3)

In subsection (2D)—

(a)

in paragraph (c)—

(i)

omit “falling within paragraphs 1 to 8 of Schedule 5”, and

(ii)

insert at the end “ and section 7A(2)(a) applied to the supply ”, and

(b)

in the words after the paragraphs, for “falling within that Schedule,” substitute “ to which section 7A(2)(a) applies, ”.

(4)

In subsection (2E)(b), for “there are services falling within paragraphs 1 to 8 of Schedule 5 which, if used by the transferor for making supplies falling within that Schedule,” substitute “ there is a supply to which section 7A(2)(a) applies of services which, if used by the transferor for making such a supply, ”.