Textual Amendments
F1Pt. 8 Ch. 6A inserted (with effect in accordance with Sch. 12 para. 5 7 8 of the amending Act) by Finance Act 2015 (c. 11), Sch. 12 para. 2
Modifications etc. (not altering text)
C1Pt. 8 Ch. 6A restricted (26.3.2015) by Finance Act 2015 (c. 11), Sch. 13 para. 6(2)
(1)This section applies if there is any alteration in a company's adjusted ring fence profits for an accounting period after this Chapter has effect in relation to the profits.
(2)Any necessary adjustments to the operation of this Chapter (whether in relation to the profits or otherwise) are to be made (including any necessary adjustments to the effect of section 332E on the profits or to the calculation of the amount to be carried forward under section 332EA).
(1)The Treasury may by regulations substitute a different percentage for the percentage that is at any time specified in any of the following provisions—
(a)section 332C(2) (calculation of allowance as a percentage of investment expenditure);
(b)section 332DA(4) (calculation of relevant field threshold in relation to former new field);
(c)section 332DB(4) (calculation of relevant project threshold in relation to former additionally-developed field).
(2)Regulations under subsection (1) may include transitional provision.]