Statute Law Repeals - Law Commission - Ministry of Justice

10.90 Section 512 was repealed by F (No.2) A 2005, ss 46(2)(c),(d), (4)(c)-(e), 70 and
Sch 11 Pt 2(12) with effect from 1 April 2005. The amending Schedule 7
paragraph 20 has become spent and may now also be repealed.
10.91 Schedule 7 paragraph 26 amended ICTA 1988 by inserting section 841A
(defining a “recognised clearing system” in the context of quoted Eurobonds).
Section 841A was repealed by FA 2000, s 156 and Sch 40 Pt 2(17) for payments
of interest made on or after 1 April 2001. The amending provision in Schedule 7
paragraph 26 is now spent and may also be repealed.
10.92 Schedule 14 to FA 1996 (and section 104) made various textual amendments to
ICTA 1988 in connection with loan relationships. Schedule 14 paragraph 26
amended section 468L(5) of ICTA 1988 (interest distributions). Section 468L was
repealed by F (No.2) A 2005, effective from 2006-07 onwards (see above). But
the amending provision remained live. It can now be repealed as spent.
10.93 Schedule 20 paragraph 38 to FA 1996 (and section 134) amended section 812 of
ICTA 1988. Section 812 is recommended earlier for repeal in this Part (along with
sections 813 and 814). On that basis schedule 20 paragraph 38 would become
redundant and can be repealed as a consequential repeal.
10.94 Schedule 21 to FA 1996 (with section 135) provided for the modification of time
limits in connection with self-assessment procedures. Schedule 21 paragraph 19
amended section 691(4) of ICTA 1988 by textual substitution, altering
arrangements for maintenance funds for historic buildings. Section 691 was later
repealed by ITA 2007, ss 1027, 1031, 1034 and Sch 1 paras 1, 149 and Sch 3 Pt
1 for the year 2007-08 onwards. The amending provision in Schedule 21
paragraph 19 was not repealed, but it can now be as spent.
10.95 Schedule 21 paragraphs 45 and 46 amended sections 41(6) and 42(6) of F
(No.2) A 1992, which provisions dealt with relief against profits for film makers.
Section 41(6) prescribed a time limit for claim submissions for tax relief on
relevant expenditure. 37 Section 41 was then repealed by Finance Act 2006 (c.25)
(“FA 2006”), s 178 and Sch 26 Pt 3(4).
10.96 Section 42(6) prescribed a time limit for claim submissions relating to revenue
expenditure on film production and acquisition of master tapes, discs, image and
soundtracks. 38 Section 42 was subsequently repealed by FA 2006, ss 46(3), 178
and Sch 26 Pt 3(4), thus withdrawing production expenditure reliefs from 1 April
2006 onwards.
10.97 The amending provisions in Schedule 21 paragraphs 45 and 46 are now both
superseded and can also be repealed.
37 The section was further amended by ITTOIA 2005, ss 882(1), 883 and Sch 1 paras 452,
457(1),(3), for 2005-06 onwards, by textual substitution.
38
As with section 41(6), section 42(6) was amended by ITTOIA 2005, Sch 1 paras 452,
458(1),(4), for 2005-06 onwards.
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