Corporation Tax Act 2010 section 269ZA

Overview of Part

Section 269ZA introduces Part 7ZA of the Corporation Tax Act 2010, which restricts the amount of certain deductions a company can make when calculating its taxable total profits for an accounting period.

• Part 7ZA places a cap on certain deductions companies can claim against their taxable total profits.
• The restriction applies when calculating a company's taxable total profits for a given accounting period.
• The provision does not eliminate these deductions entirely but limits the total amount that can be used in any one period.
• This overview section serves as the gateway to the detailed rules that follow in subsequent sections of Part 7ZA.