Corporation Tax Act 2010 (c. 4)

Part 3 U.K. Companies with small profits

Marginal relief U.K.

23 The remaining amount U.K.

(1) In section 21 “the remaining amount” means the amount given by the formula—

(2) For the purposes of this section—

• UZ is the amount given by multiplying the upper limit by—

  

• AZ is the total amount of any profits other than ring fence profits that form part of the augmented profits of the accounting period,

• NZ is the total amount of any profits other than ring fence profits that form part of the taxable total profits of the accounting period, and

• A is the amount of the augmented profits of the accounting period.