# Finance Act 2019, Paragraph 8


After section 269ZF insert—
““Relevant profits”
269ZFA (1) A company's “relevant profits” for an accounting period are—
(a) the company's qualifying profits for the accounting period, less
(b) the company's deductions allowance for the accounting period (see section 269ZD(6)).
(2) A company's “qualifying profits” for an accounting period are—
(a) the amount given by paragraph (1) of step 1 in section 269ZF(3) in determining the company's qualifying trading profits and qualifying non-trading profits for the accounting period, less
(b) the amount given by paragraph (1) of step 2 in section 269ZF(3) in determining those profits for the accounting period.”

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Source: https://www.legislation.gov.uk/ukpga/2019/1/schedule/10/paragraph/8 (the official version)
Page: https://openlegislation.uk/finance-act-2019/schedule-10/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.