Taxation (International and Other Provisions) Act 2010 section 503

Repeals and revocations

Section 503 gives effect to Schedule 10, which lists the old legislation that is repealed or revoked as a consequence of the tax law rewrite, and clarifies how those repeals interact with similar repeals made by the Corporation Tax Act 2010.

• Schedule 10 contains the formal repeals and revocations of old legislation replaced by TIOPA 2010, including provisions that had already become spent
• The repeals also cover provisions connected with other tax law rewrite Acts
• Where the Corporation Tax Act 2010 has already repealed or revoked a provision for corporation tax purposes only, TIOPA 2010's repeal of the same provision applies for all remaining purposes other than corporation tax
• This avoids duplication and ensures that old provisions are cleanly removed across all relevant tax purposes without conflict between the two rewrite Acts