Companies with net financing deduction or net financing income that is small
This section has no associated Explanatory Notes
72(1)An amount determined in accordance with paragraph 70(2) or 71(2) is “small” if it is less than £500,000.
(2)The Treasury may by order amend sub-paragraph (1) by substituting a higher or lower amount for the amount for the time being specified there.
(3)No order may be made under sub-paragraph (2) unless a draft of the statutory instrument containing it has been laid before, and approved by a resolution of, the House of Commons.
(4)An order under sub-paragraph (2) may only have effect in relation to periods of account of the worldwide group beginning after the date on which the order is made.