262(1)Amend section 617 (social security benefits and contributions) as follows.
(2)In subsection (3)—
(a)for “subsection (4) below” substitute “subsections (4) and (5) below”, and
(b)after “allowed” insert “for corporation tax purposes”.
(3)In subsection (4)—
(a)at the end of paragraph (b) insert “or”, and
(b)omit paragraphs (d) and (e).
(4)After subsection (4) insert—
“(5)Subsection (3) above shall not apply for the purposes of deductions under Chapter 2 of Part 5 of ITEPA 2003 (in relation to which section 360A of that Act applies).”