Section 1154 Amount of tax credit
C1(1)
The amount of the land remediation tax credit to which a company is entitled for an accounting period is 16% of the amount of the qualifying land remediation loss for the period.
(2)
The Treasury may by order replace the percentage for the time being specified in subsection (1) with a different percentage.
(3)
An order under subsection (2) may contain incidental, supplemental, consequential and transitional provision and savings.
Annotations
Modifications
- C1
S. 1154(1) excluded by 2010 c. 4, s. 357QC (as inserted (with effect in accordance with s. 5 of the amending Act) by Corporation Tax (Northern Ireland) Act 2015 (c. 21), s. 1)
Notes on Part 14
Textual amendments
- F1
Words in Pt. 14 heading inserted (with effect in accordance with Sch. 7 paras. 27, 28 of the amending Act) by Finance Act 2009 (c. 10), Sch. 7 para. 2