Corporation Tax Act 2009 Schedule 3 Part 2

Prospective repeals

Schedule 3 Part 2 lists provisions in earlier tax legislation that are to be repealed at a future date, reflecting the consolidation of corporation tax rules into the Corporation Tax Act 2009 and subsequent amendments.

• Part 2 of Schedule 3 identifies specific provisions in earlier legislation that are marked for repeal on a prospective basis, meaning the repeals take effect at a date to be appointed rather than immediately.
• These prospective repeals form part of the wider consolidation exercise that brought together corporation tax rules from various older statutes into the Corporation Tax Act 2009.
• The schedule was subsequently amended by the Finance (No. 2) Act 2015, Schedule 7, paragraphs 101(5) and 105, which updated the list of prospective repeals to reflect further legislative changes.
• The practical effect for companies is that the underlying tax rules continue to apply through the consolidated provisions of the Corporation Tax Act 2009, even though the original source legislation is being formally removed from the statute book.