The Act of 1997 is amended -
(a) in section 304, by inserting the following subsection after subsection (3):
(i) In this subsection -
‘relevant period’ means the period beginning on 1 January 2020 and ending on 31 December 2020;
‘specified allowance’ means an allowance referred to in section 531AU(2);
‘relevant allowances’ has the meaning assigned to it in paragraph (b).
(ii) For the purposes of paragraph (b), where the basis period for the year of assessment 2020 is other than the relevant period, the specified allowances of any basis period which overlaps with the relevant period shall be apportioned to the relevant period in proportion to the number of months or fractions of months in the respective periods.
(b) Where an individual carrying on a trade, either solely or in partnership, claims one or more specified allowances, or part of one or more specified allowances, in respect of the relevant period to which, but for the making of a claim under paragraph (c)
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