{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-269ZFA",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-269ZFA.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/269ZFA",
  "kind": "section",
  "number": "269ZFA",
  "heading": "“Relevant profits”",
  "text": "(1) A company’s “relevant profits” for an accounting period are—\n(a) the company’s qualifying profits for the accounting period, less\n(b) the company’s deductions allowance for the accounting period (see section 269ZDA).\nBut if the allowance mentioned in paragraph (b) exceeds the profits mentioned in paragraph (a), the company’s “relevant profits” for the accounting period are nil.\n(2) A company’s “qualifying profits” for an accounting period are—\n(a) the amount given by paragraph (1) of step 1 in section 269ZF(3) in determining the company’s modified total profits for the accounting period, less\n(b) the amount given by paragraph (1) of step 2 in section 269ZF(3) which could be relieved against those profits for the accounting period.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 7ZA inserted (with effect in accordance with Sch. 4 para. 190 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 4 para. 16"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 269ZFA inserted (with effect in accordance with Sch. 10 para. 32 of the amending Act) by Finance Act 2019 (c. 1), Sch. 10 para. 8"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 269ZFA(1)(b) substituted (with effect in relation to accounting periods beginning on or after 1.4.2020) by Finance Act 2020 (c. 14), Sch. 4 paras. 30(2), 42 (with Sch. 4 paras. 43-46)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in s. 269ZFA(1) inserted (retrospectively) by Finance Act 2021 (c. 26), Sch. 8 paras. 10, 19"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in s. 269ZFA(2)(a) substituted (with effect in relation to accounting periods beginning on or after 1.4.2020) by Finance Act 2020 (c. 14), Sch. 4 paras. 30(3)(a), 42 (with Sch. 4 paras. 43-46)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in s. 269ZFA(2)(b) substituted (with effect in relation to accounting periods beginning on or after 1.4.2020) by Finance Act 2020 (c. 14), Sch. 4 paras. 30(3)(b), 42 (with Sch. 4 paras. 43-46)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/269ZFA",
    "retrieved_at": "2026-10-29T09:10:29.433154+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."
}