SCHEDULES
SCHEDULE 22 REMEDIATION OF CONTAMINATED LAND
Part 4 SPECIAL PROVISION FOR LIFE ASSURANCE BUSINESS
25Amount of life assurance company tax credit
1
The amount of the life assurance company tax credit to which a company is entitled for an accounting period is equal to 16% of the amount of the qualifying loss for the period.
2
The Treasury may by order substitute for the percentage for the time being specified in sub-paragraph (1) such other percentage as they think fit.
3
An order under sub-paragraph (2) may make such incidental, supplemental, consequential or transitional provision as the Treasury think fit.