# Finance Act 2012, Paragraph 227


(1) Section 840 (carrying forward parts of payments) is amended as follows.
(2) In subsection (2), for “allowed as a deduction under section 76 of ICTA is not allowed” substitute “ taken into account as mentioned in section 835(2)(c) or 836(2)(c) is not taken into account ”.
(3) In subsection (4), for “a deduction under section 76 of ICTA” substitute “ the calculation at step 1 of section 76 of FA 2012 ”.
(4) In subsection (5), for “allowed as a deduction under section 76 of ICTA” substitute “ taken into account in the calculation at step 1 of section 76 of FA 2012 ”.

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Source: https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/227 (the official version)
Page: https://openlegislation.uk/finance-act-2012/schedule-16/paragraph-227
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.