Paragraph 387

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

In section 157(4) (restriction on exercise of certain powers except through a company)—

(a)

in paragraph (a) omit “income tax and” and “and” at the end, and

(b)

after that paragraph insert—

“(aa)
section 838 of the Income Tax Act 2007 (exemption of local authorities from income tax); and”.