# Finance Act 2019, Paragraph 6


(1) Section 269ZD (restriction on deductions from total profits) is amended as follows.
(2) In subsection (2)—
(a) in paragraph (b)—
(i) at the end of sub-paragraph (i) insert “ and ”, and
(ii) omit sub-paragraph (iii) and the “and” immediately before it, and
(b) in the second sentence omit “and section 269ZE”.
(3) In subsection (4)(a) after “period” insert “ (see section 269ZFA) ”.
(4) Omit subsection (5).
(5) For subsection (7) substitute—
“(7) Subsection (2) does not apply in relation to a company for an accounting period where the amount given by paragraph (1) of step 1 in section 269ZF(3) is not greater than nil.”

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Source: https://www.legislation.gov.uk/ukpga/2019/1/schedule/10/paragraph/6 (the official version)
Page: https://openlegislation.uk/finance-act-2019/schedule-10/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.