{
  "url": "https://openlegislation.uk/finance-act-2008/schedule-40/paragraph-20",
  "json_url": "https://openlegislation.uk/finance-act-2008/schedule-40/paragraph-20.json",
  "legislation": "ukpga/2008/9",
  "legislation_title": "Finance Act 2008",
  "legislation_url": "https://openlegislation.uk/finance-act-2008",
  "path": "schedule/40/paragraph/20",
  "kind": "paragraph",
  "number": "20",
  "heading": null,
  "text": "(1) Paragraph 28 (interpretation) is amended as follows.\n(2) In paragraph (c) (meaning of “direct tax”), omit “and” after paragraph (ii) and after paragraph (iii) insert\n“and\n(iv) petroleum revenue tax,”.\n(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(4) In paragraph (f), insert at the end “ against tax or to a payment of a corporation tax credit ”.\n(5) After that paragraph insert—\n“(fa) “corporation tax credit” means—\n(i) an R&D tax credit under Schedule 20 to FA 2000,\n(ii) a land remediation tax credit or life assurance company tax credit under Schedule 22 to FA 2001,\n(iii) a tax credit under Schedule 13 to FA 2002 (vaccine research etc),\n(iv) a film tax credit under Schedule 5 to FA 2006, or\n(v) a first-year tax credit under Schedule A1 to CAA 2001,”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 40 para. 20(3) omitted (21.7.2009) by virtue of Finance Act 2009 (c. 10), Sch. 57 para. 14(b)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 40 para. 20 in force at 1.4.2009 by S.I. 2009/571, art. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2008/9/schedule/40/paragraph/20",
    "retrieved_at": "2026-10-29T09:12:06.707101+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."
}