Finance Act 2015 (c. 11)

SCHEDULES

SCHEDULE 2 Restrictions applying to certain deductions made by banking companies

PART 2 Consequential amendments

CTA 2009

3 In section 1223 of CTA 2009 (carrying forward expenses of management and other amounts), in subsection (1)—

(a) the words after “because” become paragraph (a), and

(b) after that paragraph insert “, or

(b) in the case of amounts falling within subsection (2)(c), section 269CC of CTA 2010 (restriction on deductions for management expenses) has effect for the accounting period.”