17(1)Amend section 118ZD (carry forward of unrelieved losses) as follows.
(2)In subsection (1)—
(a)for “chargeable periods” substitute “accounting periods”,
(b)omit “117 or”,
(c)for “his”, in both places where it occurs, substitute “the member's”,
(d)for “chargeable period” substitute “accounting period”, and
(e)for “he” substitute “the member”.
(3)In subsection (2)—
(a)for the words from the beginning to “as they apply” substitute “Sections 393A(1) and 403 (and section 118 as it applies”,
(b)for “chargeable period”, in both places where it occurs, substitute “accounting period”, and
(c)for “his” substitute “the member's”.
(4)In subsection (3)—
(a)for “chargeable period”, in each place where it occurs, substitute “accounting period”,
(b)for “his”, in each place where it occurs, substitute “the member's”, and
(c)for “the Tax Acts” substitute “the Corporation Tax Acts”.