Paragraph 18

(1)

Section 269CA (restriction on deductions for pre-1 April 2015 trading losses) is amended as follows.

(2)

In subsection (2), in the second sentence—

(a)

for “269CD” substitute “ 269ZF ”, and

(b)

omit “step 5 in”.

(3)

In subsection (3), for the words from “where” to the end substitute “ in relation to a banking company for an accounting period where, in determining the company's relevant trading profits for the period, the amount given by step 1 in section 269ZF(3) is not greater than nil ”.