6(1)Section 269ZD (restriction on deductions from total profits) is amended as follows.U.K.
(2)In subsection (2)—
(a)in paragraph (b)—
(i)at the end of sub-paragraph (i) insert “ and ”, and
(ii)omit sub-paragraph (iii) and the “and” immediately before it, and
(b)in the second sentence omit “and section 269ZE”.
(3)In subsection (4)(a) after “period” insert “ (see section 269ZFA) ”.
(4)Omit subsection (5).
(5)For subsection (7) substitute—
“(7)Subsection (2) does not apply in relation to a company for an accounting period where the amount given by paragraph (1) of step 1 in section 269ZF(3) is not greater than nil.”