2049.This paragraph amends Schedule 22 to FA 2000 (tonnage tax). Most of the amendments are straightforward.
2050.Subparagraph (16) replaces a reference to “section 8(1) to (12) of the Capital Allowances Act” in paragraph 84(2). The new reference (to “Chapter 8 of Part 3”) appears to go wider than the original version. However, paragraph 84 only applies when the company disposes of the relevant interest in an industrial building or structure. As a result, there is no change by now referring to the whole of Chapter 8. Similarly, there is no need to refer to section 351 which deals with additional VAT rebates.
Commentary on Sections Schedule 2: Consequential amendments Paragraph 108