Section 230AB National Development Finance Agency
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Amendments
Section 230AB inserted by Finance Act 2003 section 43(1)(b) as on and from 6 February 2003.
(1) Notwithstanding any provision of the Corporation Tax Acts, profits arising to the National Development Finance Agency in any accounting period shall be exempt from corporation tax.
(2) Notwithstanding any provision of the Tax Acts, any interest, annuity or other annual payment paid by the National Development Finance Agency shall be paid without deduction of income tax.
