Amount of tax creditU.K.
1154Amount of tax creditU.K.
(1)The amount of the land remediation tax credit to which a company is entitled for an accounting period is 16% of the amount of the qualifying land remediation 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.
Modifications etc. (not altering text)
C1S. 1154(1) excluded by 2010 c. 4, s. 357QC (as inserted (with effect in accordance with s. 5 of the amending Act) by Corporation Tax (Northern Ireland) Act 2015 (c. 21), s. 1)