Regulation 3 Amendment of Schedule 1A to the principal Regulations

In Schedule 1A to the principal Regulations (assets not to be disregarded as payments under regulation 19(1)(d))^f1—

(a)

after paragraph 9B there shall be inserted the following paragraph—

“9C

Any other asset, including any voucher, for which trading arrange-ments exist and any voucher capable of being exchanged for such an asset.”;

(b)

in paragraph 16 after the words “paragraph 9B” there shall be inserted the words “or 9C”;

(c)

after paragraph 18 there shall be added the following paragraph—

“19

For the purposes of paragraph 9C of this Schedule “trading arrangements” has the meaning assigned to it in section 203K(2)(a) of the Income and Corporation Taxes Act 1988^f2.”.

Annotations

Footnotes

f1: Schedule 1A was inserted by regulation 5 of S.I. 1991/2505. Paragraphs 9A, 9B, 15 and 16 were inserted by S.I. 1993/2925 and paragraphs 9ZA, 9ZB, 17 and 18 were inserted, and 5 and 9A amended, by S.I. 1994/2194.
f2: 1988 c. 1; section 203K was inserted by section 131 of the Finance Act 1994 (c. 9).