6U.K.In section 662 (exemption from corporation tax for UK trading income), after subsection (5) insert—
“(5A)The Treasury may by order amend the figure for the time being specified as the relevant threshold in subsection (5)(a).
(5B)A statutory instrument containing an order under subsection (5A) that amends that figure so as to substitute a lower figure may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, the House of Commons.”
Commencement Information
I1Sch. 21 para. 6 in force at 1.4.2010 for the purposes of the amendments made by that paragraph so far as not already in force by S.I. 2015/674, art. 2
7U.K.In section 663 (exemption from corporation tax for UK property income), after subsection (5) insert—
“(5A)The Treasury may by order amend the figure for the time being specified as the relevant threshold in subsection (5)(a).
(5B)A statutory instrument containing an order under subsection (5A) that amends that figure so as to substitute a lower figure may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, the House of Commons.”
Commencement Information
I2Sch. 21 para. 7 in force at 1.4.2010 for the purposes of the amendments made by that paragraph so far as not already in force by S.I. 2015/674, art. 2