xmlns:atom="http://www.w3.org/2005/Atom"

SCHEDULES

SCHEDULE 5Tax treatment of financing costs and income

6In section 292 (statement of allocated exemptions: requirements), after subsection (5) insert—

(5A)An amount may not be specified in relation to a company under subsection (4)(b) if it accrues at a time at which the company is not a UK group company.