SCHEDULES

SCHEDULE 20 Taxation of hybrid capital instruments

PART 2 Corporation tax, income tax and capital gains tax

Commencement for purposes of corporation tax

11 An accounting period beginning before and ending on or after 1 January 2019 is to be treated for the purposes of the provision made by this Schedule (other than paragraph 12 or 13) as if so much of the period as falls before that date, and so much of the period as falls on or after that date, were separate accounting periods.