{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-1058",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-1058.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/1058",
  "kind": "section",
  "number": "1058",
  "heading": "Amount of tax credit",
  "text": "(1) The amount of the R&D tax credit to which a company is entitled for an accounting period is the lesser of—\n(a) 14.5% of the amount of the Chapter 2 surrenderable loss for the period, ... and\n(aa) the amount of the cap by reference to the company’s PAYE and NIC liabilities for the accounting period (see section 1112B).\n(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(1B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(1C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(2) The Treasury may by regulations—\n(a) replace the percentage for the time being specified in subsection (1)(a) with a different percentage;\n(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 1058(1) inserted (with effect in accordance with Sch. 3 para. 4 of the amending Act) by Finance Act 2021 (c. 26), Sch. 3 para. 2(2)(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Word in s. 1058(1)(a) substituted (with effect in relation to accounting periods beginning on or after 1.4.2024) by Finance Act 2024 (c. 3), Sch. 1 paras. 6(12)(a)(i), 16 (with Sch. 1 para. 18); S.I. 2024/286, reg. 2"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "S. 1058(1)(b) and the word immediately preceding it omitted (with effect in accordance with Sch. 3 para. 39 of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 3 para. 15(2)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "S. 1058(1)(aa) and word inserted (with effect in accordance with Sch. 3 para. 4 of the amending Act) by Finance Act 2021 (c. 26), Sch. 3 para. 2(2)(b)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "S. 1058(1)(aa) substituted (with effect in relation to accounting periods beginning on or after 1.4.2024) by Finance Act 2024 (c. 3), Sch. 1 paras. 6(12)(a)(ii), 16 (with Sch. 1 para. 18); S.I. 2024/286, reg. 2"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "S. 1058(1A)-(1C) omitted (with effect in relation to accounting periods beginning on or after 1.4.2024) by virtue of Finance Act 2024 (c. 3), Sch. 1 paras. 6(12)(b), 16 (with Sch. 1 para. 18); S.I. 2024/286, reg. 2"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "S. 1058(2) substituted (with effect in accordance with Sch. 3 para. 4 of the amending Act) by Finance Act 2021 (c. 26), Sch. 3 para. 2(4)"
    },
    {
      "type": "F",
      "label": "F8",
      "text": "S. 1058(2)(b) omitted (with effect in relation to accounting periods beginning on or after 1.4.2024) by virtue of Finance Act 2024 (c. 3), Sch. 1 paras. 6(12)(c), 16 (with Sch. 1 para. 18); S.I. 2024/286, reg. 2"
    },
    {
      "type": "F",
      "label": "F9",
      "text": "S. 1058(2)(c) omitted (with effect in relation to accounting periods beginning on or after 1.4.2024) by virtue of Finance Act 2024 (c. 3), Sch. 1 paras. 6(12)(c), 16 (with Sch. 1 para. 18); S.I. 2024/286, reg. 2"
    },
    {
      "type": "F",
      "label": "F10",
      "text": "S. 1058(3) omitted (with effect in relation to accounting periods beginning on or after 1.4.2024) by virtue of Finance Act 2024 (c. 3), Sch. 1 paras. 6(12)(d), 16 (with Sch. 1 para. 18); S.I. 2024/286, reg. 2"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "S. 1058(1) excluded by 2010 c. 4, s. 357PD (as inserted (with effect in accordance with s. 5 of the amending Act) by Corporation Tax (Northern Ireland) Act 2015 (c. 21), s. 1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/section/1058",
    "retrieved_at": "2026-10-29T09:11:19.560467+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}