Finance (No. 2) Act 2017

Amendments of CTA 2010

20 (1) Section 357WG (application of Part 8A to Northern Ireland firm) is amended as follows.

(2) In paragraph (g)—

(a) for “SME condition” (in the first place it appears) substitute “SME (Northern Ireland employer) condition”;

(b) for “SME condition” (in the second place it appears) substitute “SME (Northern Ireland employer) partnership condition”.

(3) For paragraph (h) substitute—

“(h) references in section 357VC to—

(i) the SME (election) condition in section 357KA were to the SME (election) partnership condition in section 357WA;

(ii) the large company condition in section 357KA were to the large partnership condition in section 357WA;

(iii) a qualifying trade by virtue of section 357KB(1) were to a qualifying partnership trade by virtue of section 357WB(1).”