Paragraph 314

In section 3(2) (allowance of expenditure (other than expenditure on long-term assets and abortive exploration expenditure)) in the first sentence—

(a)

omit “under subsection (2) of section 579 of the Taxes Act or”,

(b)

after “(“ITTOIA 2005”)” insert “ or section 77 of the Corporation Tax Act 2009 ”, and

(c)

omit “that subsection or”.