Paragraph 619

(1)

Amend section 290 (meaning of “unused amount” and “unreduced amount”) as follows.

(2)

In subsection (2) for the words from “formula” to the end substitute

“formula in—
(a)
section 277, 279, 280, 281 or 282 above, or
(b)
section 217, 219, 220, 221 or 222 of CTA 2009 (corporation tax provisions corresponding to those listed in paragraph (a)).”

(3)

For subsection (3) substitute—

“(3)
Subsection (4) applies—
(a)
to a taxed receipt under section 277 (lease premiums) as a result of section 278 (amount treated as lease premium where work required), and
(b)
to a taxed receipt under section 217 of CTA 2009 (lease premiums) as a result of section 218 of that Act (amount treated as lease premium where work required).”

(4)

In subsection (5)—

(a)

in paragraph (a) after “288” insert “ above or section 228 of CTA 2009 (the additional calculation rule) ”,

(b)

in paragraph (b) after “61” insert “ above or section 63 of CTA 2009 ”, and

(c)

in paragraph (c) after “292” insert “ below or section 232 of CTA 2009 ”.

(5)

In subsection (6)—

(a)

after “288” insert “ above or section 228 of CTA 2009 ”, and

(b)

for “that section” substitute “ the section concerned ”.