C1F1PART 7ZARestrictions on obtaining certain deductions
Annotations:
Amendments (Textual)
Modifications etc. (not altering text)
C1
Pt. 7ZA modified (retrospective to 29.10.2018) by Finance Act 2020 (c. 14), Sch. 4 para. 46
Deductions allowance
269ZZCompany tax return to specify amount of deductions allowance
1
A company's tax return for an accounting period must specify—
a
the amount of the company's deductions allowance for the period, and
b
if section 269ZX (increase of deductions allowance where provision for onerous lease reversed) applies, what that amount would be without the increase provided for by subsection (3) of that section.
2
But subsection (1) applies only if the company makes for the accounting period a deduction to which section 269ZB(2), 269ZC(2) or 269ZD(2) or section 124D(1) of FA 2012 applies.
Pt. 7ZA inserted (with effect in accordance with Sch. 4 para. 190 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 4 para. 16