C1Part 5Group relief
Chapter 3Surrenders made by non-UK resident company resident or trading in the EEA
Other rules, assumptions and exclusions
128Rules for recalculating EEA amount
1
For the purposes of Step 3 in section 113 the EEA amount is to be recalculated in accordance with any provision made by or under the Corporation Tax Acts—
a
that applies for the purpose of calculating for corporation tax purposes losses or other amounts to which the EEA amount corresponds, or
b
that otherwise affects in any way the amount of those losses or other amounts that is eligible for corporation tax relief.
2
For the purposes of subsection (1) the Treasury may by regulations provide for the modification of any provision made by or under the Corporation Tax Acts—
a
that applies as mentioned in subsection (1)(a), or
b
that otherwise affects an amount as mentioned in subsection (1)(b).
3
Regulations under subsection (2) may make provision in relation to—
a
all classes of trade or business, or
b
any particular class or classes of trade or business.
4
Regulations under subsection (2) may—
a
make different provision for different cases or different purposes,
b
contain incidental, supplemental, consequential and transitional provision and savings, and
c
make provision having retrospective effect.
Pt. 5 applied (with effect in accordance with s. 148 of the amending Act) by Finance Act 2012 (c. 14), s. 125 (with s. 147, Sch. 17)