SCHEDULES

SCHEDULE 8Relief from corporation tax for losses and other amounts

PART 2Other amendments of CTA 2010

Amendments of Part 7ZA of CTA 2010

10

In section 269ZFA (“relevant profits” for purposes of section 269ZD), in subsection (1), after paragraph (b) insert—

But if the allowance mentioned in paragraph (b) exceeds the profits mentioned in paragraph (a), the company's “relevant profits” for the accounting period are nil.