Clause 64
Amendment of section 30
of Finance (Income Taxes) Bill
BillNot in forceProvision 63 of 72
Clause 64
In the MMTA, in section 30 —
(a)
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;”;
(b)
in subsection (4)(b), replace the full‑stop at the end with a semi‑colon; and
(c)
in subsection (4), after paragraph (b), insert —“(c)subsection (1A) of section 22 is omitted.”.