1164Entitlement to tax creditU.K.
(1)A company is entitled to [F1a BLAGAB tax credit] for an accounting period if it has a [F2qualifying BLAGAB loss] in the period (see section 1165).
(2)For the company to obtain [F3a BLAGAB tax credit] in respect of all or part of the [F4qualifying BLAGAB loss] it must make a claim.
(3)The amount of [F5a BLAGAB tax credit] to which the company is entitled is determined in accordance with section 1166.
(4)See also section 1168, which restricts the carry forward of expenses payable where a company claims [F6a BLAGAB tax credit].
Textual Amendments
F1Words in s. 1164(1) substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 201(2)(a)
F2Words in s. 1164(1) substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 201(2)(b)
F3Words in s. 1164(2) substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 201(2)(a)
F4Words in s. 1164(2) substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 201(2)(b)
F5Words in s. 1164(3) substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 201(3)
F6Words in s. 1164(4) substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 201(3)