This section has no associated Explanatory Notes
235(1)Amend section 577 (business entertaining expenses) as follows.U.K.
(2)In subsection (1)(a)—
(a)for “tax” substitute “ corporation tax ”, and
(b)for “the Tax Acts” substitute “ the Corporation Tax Acts ”.
(3)In subsection (3)—
(a)for “any person” substitute “ any company ”,
(b)for “by him”, in the first and second places where it occurs, substitute “ by the company ”, and
(c)for “a member of his staff” substitute “ an employee of the company ”.
(4)In subsection (5)—
(a)for “a person” substitute “ a company ”,
(b)for “a member of his staff” substitute “ an employee of the company ”,
(c)for “that person” substitute “ the company ”,
(d)for “him” substitute “ the company ”, and
(e)for “members of his staff” substitute “ employees of the company ”.
(5)In subsection (7)—
(a)in paragraph (b) for “, profession or vocation” substitute “ or profession ”, and
(b)in paragraph (c)—
(i)for “the members of a person's staff” substitute “ a company's employees ”,
(ii)for “that person” substitute “ the company ”, and
(iii)for “a company”, in both places where it occurs, substitute “ the company ”.
(6)In subsection (8)(b)—
(a)for “him”, in both places where it occurs, substitute “ the donor ”, and
(b)for “relevant tax period” substitute “ accounting period ”.
(7)Omit subsection (8A).
(8)In subsection (10)—
(a)for “any person” substitute “ any company ”,
(b)for “his trade” substitute “ its trade ”, and
(c)for “by him” substitute “ by the company ”.