33 Surcharge on banking companies: transferred-in losses
Finance Act 2020 (2020 c 14) | Legislation

33  Surcharge on banking companies: transferred-in losses

(1)     Chapter 4 of Part 7A of CTA 2010 (surcharge on banking companies) is amended as follows.

(2)     In section 269D (overview of Chapter), after subsection (4) insert—

“(4A)     Section 269DCA defines “non-banking transferred-in loss relief” for the purposes of calculating a company's surcharge profits.”

(3)     In section 269DA (surcharge on banking companies), in subsection (2) (calculation of “surcharge profits”)—

(a)     in the formula, after “NBPLR +” insert “NBTILR +”;

(b)     after the definition of

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