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R is the rate per cent specified in section 21 in relation to the accounting period.

R is the rate per cent of corporation tax which, by virtue of section 21, applies in relation to the accounting period.

(a) this section and sections 239, 241, 440 and 441, and

(a) this section and sections 239, 241, 440 and 441, and

“relevant trading charges on income” has the same meaning as in section 243A;

(a) the income of the company in accordance with section 243A or section 396A,

(2) Where in any accounting period the surrendering company has incurred a relevant trading loss, computed as for the purposes of section 396(2), or an excess of relevant trading charges on income, in carrying on a trade in respect of which the company is within the charge to corporation tax, and the amount of the loss or excess is greater than an amount equal to the aggregate of the amounts which could, if timely claims had been made for such set off, have been set off in respect of that loss or excess for the purposes of corporation tax against—

“relevant trading loss” has the same meaning as in section 396Abut does not include any amount which is the relevant amount of the loss for the purposes of section 403(4).

(a) the income of the company in accordance with section 243A or section 396A,

(c) income of any other company in accordance with section 420Aor 456,

(a) this section and sections 239, 241, 440 and 441, and

(a) this section and sections 239, 241, 440 and 441, and

(b) where the company carries on a life business (within the meaning of section 706of the Principal Act), any corporation tax which would be attributable to policyholders’ profits;