Finance Act 2021 (c. 26)

SCHEDULES

SCHEDULE 1 U.K. Small profits rate for non-ring fence profits

PART 3 U.K. Consequential amendments

Corporation Tax (Instalment Payments) Regulations 1998 U.K.

13 (1) The Corporation Tax (Instalment Payments) Regulations 1998 (interpretation) are amended as follows. U.K.

(2) In regulation 2 (interpretation)—

(a) in paragraph (1), omit the entry for “related 51% group company”,

(b) in paragraph (2), for “section 279G” substitute “ sections 18L and 18M ”, and

(c) after that paragraph insert—

“(2A) The rules in Part 3A of CTA 2010 (see sections 18E to 18J) which apply for determining whether a company is another company's associated company in an accounting period for the purposes of section 18D of that Act apply for the purposes of these Regulations.”

(3) In regulations 3 and 3A (large and very large companies), for “related 51% group” (in each place) substitute “ associated ”.