# Corporation Tax Act 2010, Section 279E: The lower limit and the upper limit


(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”).
(2) If A has no associated company in the accounting period—
(a) the lower limit is £50,000, and
(b) the upper limit is £250,000.
(3) If A has one or more associated companies in the accounting period—
(a) the lower limit is—
£ 300,000 ( 1 + N )and
(b) the upper limit is—
£ 1, 500,000 ( 1 + N )where N is the number of those related 51% group companies.
(4) For an accounting period of less than 12 months the lower limit and the upper limit are proportionately reduced.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/279E (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-279E
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.