Statute
Section 1042G — Corporation Tax Act 2009: Percentage of qualifying expenditure translated into credit
Text of the provision Official document
Percentage of qualifying expenditure translated into credit 1042G 1 The relevant percentage for the purposes of section 1042B (5) is—
a 49%, in the case of a ring fence trade within the meaning given by section 277 of CTA 2010, or b 20%, in any other case.
2 The Treasury may by regulations replace the percentage for the time being specified in subsection (1) (a) or (b) with a different percentage.
Official source: legislation.gov.uk
There are no decisions in our collection citing this provision yet. As new judgments are published, they will appear here.
Search case law on this topic
See judgments from UK courts and tribunals with a plain-English summary and legal holding.
Explore case law →