Corporation Tax Act 2009 section 1217RKA

No claim if company in administration or liquidation

Section 1217RKA prevents a company from claiming an additional deduction or orchestra tax credit when the company is in administration or liquidation.

• A company cannot claim the additional deduction for orchestra tax purposes (section 1217RD) while it is in administration or liquidation.
• A company cannot claim orchestra tax credit (section 1217RG) while it is in administration or liquidation.
• Administration and liquidation include formal insolvency proceedings under UK law (the Insolvency Act 1986 or the Insolvency (Northern Ireland) Order 1989) as well as equivalent proceedings under the laws of any country or territory outside the United Kingdom.
• The restriction applies at the point in time when the claim is made — if the company is in administration or liquidation at that moment, the claim is blocked.