Section 332JA Regulations amending specified percentagesF1
(1)
The Treasury may by regulations substitute a different percentage for the percentage that is at any time specified in any of the following provisions—
(a)
section 332C(2) (calculation of allowance as a percentage of investment expenditure);
(b)
section 332DA(4) (calculation of relevant field threshold in relation to former new field);
(c)
section 332DB(4) (calculation of relevant project threshold in relation to former additionally-developed field).
(2)
Regulations under subsection (1) may include transitional provision.
Annotations
Textual amendments
- F1
Pt. 8 Ch. 6A inserted (with effect in accordance with Sch. 12 para. 5 7 8 of the amending Act) by Finance Act 2015 (c. 11), Sch. 12 para. 2
Notes on Chapter 6A
Modifications
- C1
Pt. 8 Ch. 6A restricted (26.3.2015) by Finance Act 2015 (c. 11), Sch. 13 para. 6(2)