SCHEDULES

SCHEDULE 7Trading profits taxable at the Northern Ireland rate

PART 1Amendments relating to SMEs

23Amendments relating to capital allowances

1

Section 6A (“NIRE company” and “Northern Ireland SME company”) is amended as follows.

2

In the heading, for “Northern Ireland SME company” substitute “SME (Northern Ireland employer) company”.

3

In the definition of “NIRE company”, after “by virtue of” insert “the SME (election) condition or”.

4

For “Northern Ireland SME company” substitute “SME (Northern Ireland employer) company”.

5

For “SME condition” substitute “SME (Northern Ireland employer) condition”.