# Corporation Tax Act 2009, Section 1166: Amount of tax credit

Extent: E+W+S+N.I.

(1) The amount of the BLAGAB tax credit to which a company is entitled for an accounting period is 16% of the amount of the qualifying BLAGAB 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.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/1166 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-1166
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.