Corporation Tax Act 2009 section 1107

Amount of tax credit

Section 1107 specifies the amount of the research and development (R&D) tax credit that a company can claim.

  • The section sets out how to calculate the amount of the R&D tax credit available to a company.
  • The R&D tax credit is derived from the company's qualifying R&D expenditure.
  • The calculation determines the monetary value of the credit that can be claimed.
  • This provision was amended by Finance Act 2012 Schedule 3 paragraph 28.

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