The Corporation Tax (Implementation of the Mergers Directive) Regulations 2011

• Citation: S.I. 2011/1431
• Sections: 5

Section 1 Citation and commencement

(1) These regulations may be cited as the Corporation Tax (Implementation of the Mergers Directive) Regulations 2011.

(2) These regulations come into force on 1st July 2011.

Section 2 Amendment of the Taxation of Chargeable Gains Act 1992

(1) The Taxation of Chargeable Gains Act 1992 is amended as follows.

(2) In section 140H(2)(a) (share exchanges: meaning of “company”) for “the Annex” substitute “Part A of Annex I”.

(3) In section 140L(1) (interpretation of sections 140A to 140L)—

(a) in paragraph (a) from “90/434/ EEC ” to the end substitute “2009/133/ EC ,”, and

(b) in paragraphs (b) and (c) for “the Annex” substitute “Part A of Annex I”.

Section 3 Amendment of the Finance Act 2007

In section 110(4) of the Finance Act 2007 (Mergers Directive: regulations), in the definition of “the Mergers Directive” for “ 90/434/EEC ” substitute “ 2009/133/EC ”.

Section 4 Amendment of the Corporation Tax Act 2009

(1) The Corporation Tax Act 2009 is amended as follows.

(2) In section 430(1) (interpretation: meaning of “company”) for “the Annex” substitute “Part A of Annex I”.

(3) In section 439(1) (interpretation), in the definition of “company” for “the Annex” substitute “Part A of Annex I”.

(4) In section 681(1) (interpretation: meaning of “company”) for “the Annex” substitute “Part A of Annex I”.

(5) In section 688(1) (interpretation), in the definition of “company” for “the Annex” substitute “Part A of Annex I”.

(6) In section 819(5)(a) (European cross-border transfers of business: introduction: meaning of “company”) for “the Annex” substitute “Part A of Annex I”.

(7) In section 823(5) (interpretation of sections 821 and 822: references to a company) for “the Annex” substitute “Part A of Annex I”.

(8) In section 1319 (other definitions), in the definition of “the Mergers Directive” from “(EEC)” to the end substitute “ 2009/133/EC ,”.

Section 5 Amendment of the Taxation (International and Other Provisions) Act 2010

In section 123 of the Taxation (International and Other Provisions) Act 2010 (interpretation of sections 116 to 122)—

(a) in the definition of “company” for “the Annex” substitute “Part A of Annex I”, and

(b) in the definition of “the Mergers Directive” from “ 90/434/EEC ” to the end substitute “ 2009/133/EC ,”.