42 Amount of limit
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

Limit on credit against corporation tax

42  Amount of limit

(1)     Subsection (2) is about the amount of credit allowed under section 18(2) against corporation tax to which a company is liable in respect of any income or chargeable gain.

(2)     The credit must not exceed—

R x IG

·É³ó±ð°ù±ð—

R is the rate of corporation tax payable by the company, before any credit under this

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