{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-279E",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-279E.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/279E",
  "kind": "section",
  "number": "279E",
  "heading": "The lower limit and the upper limit",
  "text": "(1) This section gives the meaning in this Chapter of “the lower limit” and “the upper limit” in relation to an accounting period of a company (“A”).\n(2) If A has no associated company in the accounting period—\n(a) the lower limit is £50,000, and\n(b) the upper limit is £250,000.\n(3) If A has one or more associated companies in the accounting period—\n(a) the lower limit is—\n£ 300,000 ( 1 + N )and\n(b) the upper limit is—\n£ 1, 500,000 ( 1 + N )where N is the number of those related 51% group companies.\n(4) For an accounting period of less than 12 months the lower limit and the upper limit are proportionately reduced.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 8 Ch. 3A inserted (with effect in accordance with Sch. 1 para. 22 of the amending Act) by Finance Act 2014 (c. 26), Sch. 1 para. 5(3)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 279E(2) substituted (with effect in accordance with Sch. 1 para. 34 of the amending Act) by Finance Act 2021 (c. 26), Sch. 1 para. 9(2)(a)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Sum in s. 279E(2)(a) substituted (with effect in accordance with Sch. 1 para. 34 of the amending Act) by Finance Act 2021 (c. 26), Sch. 1 para. 9(2)(b)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Sum in 2. 279E(2)(b) substituted (with effect in accordance with Sch. 1 para. 34 of the amending Act) by Finance Act 2021 (c. 26), Sch. 1 para. 9(2)(c)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in s. 279E(3) substituted (with effect in accordance with Sch. 1 para. 34 of the amending Act) by Finance Act 2021 (c. 26), Sch. 1 para. 9(3)(a)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "S. 279E(3)(a): \"£50,000\" substituted for \"£300,000\" (with effect in accordance with Sch. 1 para. 34 of the amending Act) by Finance Act 2021 (c. 26), Sch. 1 para. 9(3)(b)"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "S. 279E(3)(b): “£250,000” substituted for “£1,500,000” (with effect in accordance with Sch. 1 para. 34 of the amending Act) by Finance Act 2021 (c. 26), Sch. 1 para. 9(3)(c)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/279E",
    "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."
}