Section 676AB Priority of provisions of Chapters 2 and 3 over this ChapterF1

(1)

If and so far as —

(a)

a relevant provision of this Chapter, and

(b)

a relevant provision of Chapter 2 or 3,

would each (if the other provision were ignored) apply in relation to the same loss or other amount, the relevant provision of this Chapter does not apply in relation to that amount.

(2)

In this section “relevant provision”—

(a)

in relation to this Chapter means any of the provisions of sections 676AF to 676AK;

(b)

in relation to Chapters 2 and 3 means any of the provisions of sections 674 and 679 to 683.

Annotations

Textual amendments

F1: Pt. 14 Ch. 2A inserted (with effect in accordance with Sch. 4 para. 190 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 4 para. 75

Notes on Part 14

Modifications

C1: Pt. 14 applied (1.4.2022 in relation to accounting periods beginning on or after that date) by Finance Act 2022 (c. 3), s. 51(1), Sch. 7 para. 20
C2: Pt. 14 applied (with modifications) (14.7.2022) by Energy (Oil and Gas) Profits Levy Act 2022 (c. 40), Sch. 1 para. 18 (with ss. 15(1), 16(1), 17)