Section 1167 — Corporation Tax Act 2009: Payment of tax credit etc

Payment of tax credit etc 1167 1 The provisions mentioned in subsection (2) have effect in relation to a BLAGAB tax credit subject to the modifications set out in subsection (3).

2 The provisions referred to in subsection (1) are— section 1151(4) (payment of tax credit by officer of Revenue and Customs); section 1155 (supplementary provision about payment of tax credit); section 1156 (tax credit payment not income of company); section 1157 (qualifying expenditure excluded for capital gains purposes).

3 The modifications referred to in subsection (1) are as follows—

a for any reference to a land remediation tax credit substitute a reference to a BLAGAB tax credit , and b in section 1157(2) for the reference to qualifying land remediation expenditure substitute a reference to qualifying Chapter 4 expenditure.