Paragraph 10 Giving of levy group reliefI1

United Kingdom

(1)

If a claimant company makes a claim under paragraph 9, the relief is to be given by way of deduction from the company’s qualifying levy profits for the claim period.

(2)

The amount of the deduction is—

(a)

an amount equal to the surrendering company’s surrenderable amounts for the surrender period, or

(b)

if the claim is in relation to only part of those amounts, an amount equal to that part.

(3)

The deduction under this paragraph is to be made after any relief under paragraph 1.

Annotations

Commencement

I1: Sch. 1 para. 10 in force at Royal Assent