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Postal Services Bill [HL]

Schedule 2: Taxation provisions relating to re-structuring etc Amendment 16 16: Schedule 2, page 42, line 14, leave out paragraph 4 and insert— "4 (1) This paragraph applies if— (a) at any time, a company would otherwise be regarded (for the purposes of a provision listed in paragraph 1) as ceasing to be a member of a group, and (b) immediately before and after that time, the company is a subsidiary of a Royal Mail company and is publicly owned. (2) For the purposes of the provision— (a) treat the company as continuing to be a member of the group, but (b) if at any later time the company ceases to be publicly owned, treat the company as ceasing (at that time) to be a member of the group. (3) References in this paragraph to a group have the same meaning as in the provision."