Finance (No. 2) Act 1992 (c. 48)
458(1)Amend section 42 (relief for production or acquisition expenditure) as follows.
(2)In subsection (1)—
(a)for “tax purposes” substitute “the purposes of corporation tax”,
(b)for “a person” substitute “a company”,
(c)for “that person” substitute “the company”,
(d)after “section 40B above” insert “or section 135 of ITTOIA 2005”, and
(e)after “section 40D above” insert “or section 143 of ITTOIA 2005”.
(3)In subsection (4)—
(a)in paragraph (b) after “section 41 above” insert “or section 137 of ITTOIA 2005”,
(b)in paragraph (c) after “this section” insert “or any provision of Chapter 9 of Part 2 of ITTOIA 2005”.
(4)In subsection (6) for “shall be made—” to the end substitute “—
(a)shall be made not later than two years after the end of the relevant period to which the claim relates, and
(b)shall be irrevocable.”
(5)In subsection (7) after “section 40B above” insert “or section 135 of ITTOIA 2005”.