http://www.legislation.gov.uk/ukpga/2010/4/section/18DCorporation Tax Act 2010An Act to restate, with minor changes, certain enactments relating to corporation tax and certain enactments relating to company distributions; and for connected purposes.texttext/xmlenStatute Law Database2026-04-02Expert Participation2026-01-15Corporation Tax Act 2010s. 658(1)(d)(e)Finance Act 2010Sch. 6 para. 31Sch. 6 para. 35Corporation Tax Act 2010s. 357CHAFinance Act 2024Sch. 2 para. 14(7)Sch. 2 para. 16(2)PART 3A<Addition ChangeId="key-42deab48616b9859b4756e8776e38515-1631624266364" CommentaryRef="key-42deab48616b9859b4756e8776e38515">Companies with small profits</Addition><Emphasis><Addition ChangeId="key-42deab48616b9859b4756e8776e38515-1631624266364" CommentaryRef="key-42deab48616b9859b4756e8776e38515">The lower limit and the upper limit</Addition></Emphasis><Addition ChangeId="key-42deab48616b9859b4756e8776e38515-1631624266364" CommentaryRef="key-42deab48616b9859b4756e8776e38515">The lower limit and the upper limit</Addition>18D1This section gives the meaning in this Part of “the lower limit” and “the upper limit” in relation to an accounting period of a company (“C”).2If C has no associated company in the accounting period—athe lower limit is £50,000, andbthe upper limit is £250,000.3If C has one or more associated companies in the accounting period—athe lower limit is—
£
50,000
(
1
+
N
)bthe upper limit is—
£
250,000
(
1
+
N
)where N is the number of those associated companies.4For an accounting period of less than 12 months the lower limit and the upper limit are proportionately reduced.Pt. 3A inserted (with effect in accordance with Sch. 1 para. 34 of the amending Act) by Finance Act 2021 (c. 26), Sch. 1 para. 3Pt. 3A applied (with effect in accordance with Sch. 1 para. 33 of the amending Act) by S.I. 1998/3175, reg. 2(2A) (as inserted by Finance Act 2021 (c. 26), Sch. 1 para. 13(2)(c))Pt. 3A applied (with effect in accordance with Sch. 1 para. 33 of the amending Act) by 2001 c. 2, s. 99(4A) (as inserted by Finance Act 2021 (c. 26), Sch. 1 para. 16(3))Pt. 3A excluded (9.12.2021) by S.I. 2006/964, reg. 14DA(3)(a) (as inserted by The Authorised Investment Funds (Tax) (Amendment) Regulations 2021 (S.I. 2021/1270), regs. 1, 3(2))Pt. 3A excluded (9.12.2021) by S.I. 2006/964, reg. 14B(3)(c) (as inserted by The Authorised Investment Funds (Tax) (Amendment) Regulations 2021 (S.I. 2021/1270), regs. 1, 4(b))