Corporation Tax Act 2010 section 356JMA

Regulations amending percentage in section 356JF(2)

Section 356JMA gives HM Treasury the power to change by regulations the percentage used to calculate the cluster area allowance on investment expenditure.

  • The cluster area allowance is calculated as a percentage of qualifying investment expenditure.
  • HM Treasury may substitute a different percentage for the one currently specified in the legislation.
  • Any such change is made by way of statutory regulations rather than requiring a new Act of Parliament.
  • The regulations may include transitional provisions to manage the shift from one percentage to another.

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