SCHEDULES

SCHEDULE 7 Trading profits taxable at the Northern Ireland rate

PART 1 Amendments relating to SMEs

Amendments of CTA 2010

19 (1) Section 357WF (application of section 747 of CTA 2009 to Northern Ireland firm) is amended as follows.

(2) In paragraph (e)—

(a) for “SME condition” substitute “SME (Northern Ireland employer) condition”;

(b) for “SME partnership condition” substitute “SME (Northern Ireland employer) partnership condition”.

(3) After paragraph (e) insert—

“(ea) references to the SME (election) condition in section 357KA were to the SME (election) partnership condition in section 357WA;”.