Paragraph 23 Consequential amendments

ITA 2007 is amended as follows.

In section 30 (additional tax), in subsections (1) and (2), at the appropriate place insert—

• “section 809ZMA (tainted donations: clawback where tainting occurs in later year),

• section 809ZMB (tainted donations: associated donations)”.

In section 58 (meaning of “adjusted net income”), for subsection (4) substitute—

“(4)

This section is subject to section 809ZM(6) and section 809ZMB(3) (which prevent tainted donations and associated donations from being deducted at Step 2 in subsection (1)).”

In section 413 (gift aid: overview), in subsection (4A), for “section 809ZM” substitute “sections 809ZM and 809ZMB”.

In section 431 (gifts of shares, securities and real property to charities etc), in subsection (7), for “section 809ZM” substitute “sections 809ZM and 809ZMB”.

In Schedule 4 (index of defined expressions), omit the entry for “potentially advantaged person (in Chapter 8 of Part 13)”.