# Finance (No. 2) Act 2017, Paragraph 52


(1) Section 321 (supplement in respect of a post-commencement period) is amended as follows.
(2) In subsection (2) (treatment of supplement as loss etc)—
(a) in the words before paragraph (a) after “period” insert “ beginning before 1 April 2017 ”, and
(b) in paragraph (b) after “forward of” insert “ pre-1 April 2017 ”.
(3) After subsection (2) insert—
“(2A) Any post-commencement supplement allowed on a claim in respect of a post-commencement period beginning on or after 1 April 2017 is to be treated for the purposes of the Corporation Tax Acts (other than the post-commencement supplement provisions or Part 4 of Schedule 19B to ICTA) as if it were a loss—
(a) which is incurred in carrying on the ring fence trade in that period, and
(b) which falls in whole to be used under section 45B (carry forward of post-1 April 2017 trade loss against subsequent trade profits) to reduce trading income from the ring fence trade in succeeding accounting periods.”

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Source: https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/52 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2017/schedule-4/paragraph-52
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.