[F1356DACarrying forward of activated allowanceU.K.
This section has no associated Explanatory Notes
(1)This section applies where, in the case of a company and an accounting period—
(a)the cumulative total amount of activated allowance (see section 356D(2)), is greater than
(b)the adjusted ring fence profits.
(2)The difference is carried forward to the next accounting period.]
Textual Amendments
F1Pt. 8 Ch. 8 inserted (with effect in accordance with Sch. 15 paras. 6(1), 9(2) of the amending Act) by Finance Act 2014 (c. 26), Sch. 15 para. 3