Section 356DA Carrying forward of activated allowanceF1
(1)
This section applies where, in the case of a company and an accounting period—
(a)
the cumulative total amount of activated allowance (see section 356D(2)), is greater than
(b)
the adjusted ring fence profits.
(2)
The difference is carried forward to the next accounting period.
Annotations
Textual amendments
- F1
Pt. 8 Ch. 8 inserted (with effect in accordance with Sch. 15 paras. 6(1), 9(2) of the amending Act) by Finance Act 2014 (c. 26), Sch. 15 para. 3