Corporation Tax Act 2009 section 30-32

Waste disposal

Sections 30 to 32 of Schedule 2 set out transitional rules affecting the tax treatment of waste disposal site preparation expenditure, depending on when the trade started and when any predecessor ceased trading.

• Where a predecessor ceased the trade or ceased trading in relation to the site before 21 March 2000, the site preparation expenditure deduction under section 142 applies only to the current trader, ignoring predecessor provisions
• For trades that started before 1 April 1993, the definition of "waste disposal licence" in section 144(1) excludes references to radioactive waste and nuclear site authorisations or licences
• Section 144(3) does not apply for the purposes of sections 142 and 143 where the trade was started before 1 April 1993
• These transitional provisions ensure that the rules introduced by the Corporation Tax Act 2009 do not retrospectively alter the tax treatment of waste disposal activities that pre-date the relevant legislative changes