Paragraph 681

(1)

Amend section 1210 (use of losses in later periods) as follows.

(2)

In subsection (2) for “section 393(1) of ICTA” substitute “ section 45 of CTA 2010 ”.

(3)

In subsection (5)—

(a)

in paragraph (a)—

(i)

for “set against other” substitute “ deducted from total ”, and

(ii)

for “section 393A of ICTA” substitute “ section 37 of CTA 2010 ”, and

(b)

in paragraph (b) for “section 403” substitute “ Part 5 ”.