Schedule 10, paragraph 10

Section 18 (contract profit rate: supplementary) is amended as follows. In subsection (2)(a)— for “6” substitute “4”; after “paragraph” insert “, or a component of such a contract”. In subsection (2)(b), after “contract” insert “or component”. In subsection (2)(c), after “those contracts” insert “or components of those contracts”. For subsection (3)(a) substitute— may, on an application by a person within subsection (4), determine whether— the baseline profit rate identified under step 1 in section 17(2) is correct in relation to a qualifying defence contract or a component of such a contract; an adjustment agreed under any of steps 2 to 4 in section 17(2) is appropriate; an adjustment agreed under step 3 in section 17(2) is in accordance with the regulations.

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Source: legislation.gov.uk · retrieved 2026-09-04