Finance Act 2020

Chapter 5

Corporation Tax

Amendment of section 288 of Principal Act (balancing allowances and balancing charges)

18. (1) Section 288 of the Principal Act is amended, in subsection (3C), by substituting “incurred before 14 October 2020 on the provision” for “incurred on the provision”.

(2) Subsection (1) shall have effect as on and from 14 October 2020.