265U.K.In section 646(2) (meaning of “relevant net earnings”)—
(a)in paragraph (a) for “section 74(m), (p) or (q)” substitute “ section 51 of ITTOIA 2005 ”,
(b)after that paragraph insert—
“(aa)deductions in respect of any annuity or other annual payment (other than interest) payable out of his profits;”, and
(c)in paragraph (bb) for “section 332(3) of this Act” substitute “ section 159 of ITTOIA 2005 ”.