Taxation (International and Other Provisions) Act 2010 Schedule 10 Part 3

Tax arbitrage — consequential repeals

Schedule 10 Part 3 lists the earlier legislation on tax arbitrage that is repealed as a consequence of its rewrite into the Taxation (International and Other Provisions) Act 2010.

• The original tax arbitrage rules in sections 24 to 31 and Schedule 3 of the Finance (No. 2) Act 2005 are repealed.
• Consequential amendments made to those rules by the Corporation Tax Act 2009 (Schedule 1, paragraphs 670 and 671) are also repealed.
• A further consequential amendment made by the Finance Act 2009 (Schedule 24, paragraph 6) is likewise repealed.
• All of these provisions have been rewritten and consolidated into Part 2 of the Taxation (International and Other Provisions) Act 2010, so the older versions are no longer needed.