Draft anti-avoidance legislation: correction

Double tax relief - Unauthorised Unit Trusts (‘UUTs’)

5 November 2009

Draft legislation, together with Explanatory Notes, was published on 3 November 2009 in respect of two measures, one relating to UUTs and one to MODs.

An error has been identified in the draft legislation for the UUT measure. The error relates to the wording contained within paragraph (4) of new Section 943A used to define a reduction in the income pool. A corrected version of the draft legislation can be found below –

Corrected version of the draft legislation (PDF 101K)

The draft legislation contained within the document relating to the UUT measure that was published on 3 November has also been corrected, and the link in the ‘What’s New’ item of that date will link to the corrected version.

HMRC are sorry that the error was not identified prior to publication of the draft legislation.