Introduction Overview Overview Section 400: “PM” in section 399
1217.This section, read together with sections 401 and 402, determines the amount which is “PM” in the formula in section 399 on the relevant day. It is based on paragraph 17(1) to (2B) of Schedule 10 to FA2006.
1218.Subsection (2)(d) is new. It provides a link to section 407 which requires plant or machinery to be ignored in certain circumstances.