SCHEDULES

SCHEDULE 1 Small profits rate for non-ring fence profits

PART 2 Amendments of Chapter 3A of Part 8 of CTA 2010

9 (1) Section 279E (the lower limit and the upper limit) is amended as follows.

(2) In subsection (2)—

(a) in the opening words, for “If no company is a related 51% group company of A” substitute “If A has no associated company”,

(b) in paragraph (a), for “£300,000” substitute “£50,000”, and

(c) in paragraph (b), for “£1,500,000” substitute “£250,000”.

(3) In subsection (3)—

(a) in the opening words, for “If one or more companies are related 51% group companies of A” substitute “If A has one or more associated companies”,

(b) in paragraph (a), for “£300,000” substitute “£50,000”, and

(c) in paragraph (b), for “£1,500,000” substitute “£250,000”.