(1) THAT Schedule 24 to the Taxes Consolidation Act 1997 (No. 39 of 1997) be amended in paragraph 4 by adding the following after subparagraph (5)—

"(6) (a) The provisions of subparagraph (5), in relation to the allocation of deductions, shall not apply to relevant trading charges on income.

(b) For the purposes of clause (a) 'relevant trading charges on income' has the same meaning as in section 243A.".

(2) THAT this Resolution shall have effect—

(a)for an accounting period of a company for which the return under section 951 of the Taxes Consolidation Act 1997 for the purposes of corporation tax is made by the company on or after 7 December 2010, and

(b)for any other accounting period, in relation to any claim to repayment of, or reduction of liability to, corporation tax for that accounting period where such claim is made on or after 7 December 2010.

(3) IT is hereby declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act 1927 (No. 7 of 1927).