Paragraph 9
(1)
Section 279E (the lower limit and the upper limit) is amended as follows.
(2)
In subsection (2)—
(a)
in the opening words, for “If no company is a related 51% group company of A” substitute “ If A has no associated company ”,
(b)
in paragraph (a), for “£300,000” substitute “ £50,000 ”, and
(c)
in paragraph (b), for “£1,500,000” substitute “ £250,000 ”.
(3)
In subsection (3)—
(a)
in the opening words, for “If one or more companies are related 51% group companies of A” substitute “ If A has one or more associated companies ”,
(b)
in paragraph (a), for “£300,000” substitute “ £50,000 ”, and
(c)
in paragraph (b), for “£1,500,000” substitute “ £250,000 ”.