Corporation Tax Act 2009 section 1156

Tax credit payment not income of company

Section 1156 confirms that a land remediation tax credit payment received by a company is not treated as taxable income.

• When a company receives a land remediation tax credit payment, that payment is not treated as income of the company
• This exclusion from income applies for all tax purposes, not just corporation tax
• The effect is to prevent the tax credit itself from being subject to further taxation
• This ensures the full benefit of the land remediation tax credit is preserved for the company