Amendments of Chapter 5 of Part 8 of CTA 2010
4(1)Section 311 (limit on number of accounting periods for which supplement may be claimed) is amended as follows.
(2)In subsection (1) for “6” substitute “10”.
(3)After subsection (1) insert—
“(1A)In this Chapter—
“the initial 6 periods” means the first 6 accounting periods (in chronological order) for which the company claims supplement under this Chapter;
“the additional 4 periods” means the 4 accounting periods after the initial 6 periods for which the company claims supplement under this Chapter.
(1B)None of the additional 4 periods may be accounting periods beginning before 5 December 2013.
(1C)But, where—
(a)a company has an accounting period which begins before 5 December 2013 and ends on or after that date, and
(b)that accounting period falls after the initial 6 accounting periods,
so much of that accounting period as falls before 5 December 2013 and so much of it as falls on or after that date are treated as separate accounting periods for the purposes of this Chapter.”
(4)In the heading of the section after “Limit on number” insert “etc”.