Clause 64

after subsection (2), insert —“(2A) To avoid doubt, qualifying current tax expenses and qualifying deferred tax expenses that must not be allocated to the constituent entity because of any modifications mentioned in subsection (2)(d), must not in turn be allocated in accordance with sub‑paragraph (5)(b), (c) or (d) of paragraph 1 of the First Schedule;”;

in subsection (4)(b), replace the full‑stop at the end with a semi‑colon; and

in subsection (4), after paragraph (b), insert —“(c)subsection (1A) of section 22 is omitted.”.