SCHEDULES
SCHEDULE 1Small profits rate for non-ring fence profits
PART 3Consequential amendments
16CAA 2001
1
Section 99 (long-life assets: the monetary limit) is amended as follows.
2
In subsection (4)—
a
for “In the case of a company (“C”), if, in a chargeable period, one or more companies are related 51% group companies of C” substitute “If, in a chargeable period, a company has one or more associated companies”, and
b
in the definition of “N”, for “number of related 51% group” substitute “number of associated”.