1. The Taxes Consolidation Act 1997 is amended -
(a) in section 81(2)(o) by substituting "a territory in respect of which there are not for the time being in force any arrangements providing for such relief." for "any other territory.",
(b) in section 261(c)(i)(II) by deleting "of the Principal Act",
(c) in section 433 by substituting the following for subsection (4):
"(4) For the purposes of this Part 'director' includes -
(a) any person occupying the position of director by whatever name called,
(b) any person in accordance with whose directions or instructions the directors are accustomed to act, and
(c) any person -
(i) who is a manager of the company or otherwise concerned in the management of the company's trade or business, and
(ii) who is, either on his or her own or with one or more associates, the beneficial owner of, or able, directly or through the medium of other companies or by any other indirect means, to control, 20 per cent or more of the ordinary share ca
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