SCHEDULES

SCHEDULE 20Taxation of hybrid capital instruments

PART 2Corporation tax, income tax and capital gains tax

19Power to amend definition of “hybrid capital instrument”

1

The Treasury may by regulations amend section 475C of CTA 2009.

2

The power conferred by this paragraph may not be exercised after 31 December 2019.

3

The regulations may contain incidental, supplementary, consequential and transitional provision and savings.

4

The consequential provision that may be made by the regulations includes provision amending any provision made by or under any Act.

5

The regulations may contain retrospective provision.