Finance (No. 2) Act 2017

PART 2 Minor amendments

26 In section 357IA of CTA 2010 (power of Northern Ireland Assembly to set Northern Ireland rate), for “Minister of Finance and Personnel” substitute “Minister of Finance”.

27 In section 357QB(5)(b) of that Act (tax credit: entitlement), for “Chapter 2” substitute “land remediation”.

28 (1) Paragraph 2 of Schedule A1 to CAA 2001 (amount of first-year tax credit) is amended as follows.

(2) For sub-paragraphs (3A) and (4) substitute—

“(4) The Treasury may by regulations amend sub-paragraph (1)—

(a) so as to provide for a different percentage to apply where the surrenderable loss relates to a qualifying activity that is an NI rate activity, or

(b) so as to substitute for any percentage for the time being specified in that sub-paragraph such other percentage as the Treasury thinks fit.”

(3) In sub-paragraph (5), for “An order” substitute “Regulations”.

29 In consequence of paragraph 28, in the Corporation Tax (Northern Ireland) Act 2015, in Schedule 1, omit paragraph 10.