25(1)Section 188ED (claimant company's relevant maximum for overlapping period in case of claim under section 188CC) is amended as follows.U.K.
(2)In subsection (3)—
(a)for “relevant” (in both places) substitute “ qualifying ”, and
(b)for “section 269ZD(5)” (in both places) substitute “ subsection (3A) ”.
(3)After subsection (3) insert—
“(3A)The claimant company's “qualifying profits” for the claim period are—
(a)the amount given by paragraph (1) of step 1 in section 269ZF(3) in determining the company's qualifying trading profits and qualifying non-trading profits for the period, less
(b)the amount given by paragraph (1) of step 2 in section 269ZF(3) in determining those profits for the period.”