Section 262A

[Repealed by FA 2019, s. 33(1)(c).]

History

Sch. A1 repealed by FA 2019, s. 33(1)(c), with effect in relation to expenditure incurred on or after 1 April 2020 (corporation tax) and 6 April 2020 (income tax). Former Sch. A1 read as follows:

“SCHEDULE A1 – FIRST-YEAR TAX CREDITS

Section 262A

Part 1 – Entitlement to First-Year Tax Credits

ENTITLEMENT TO FIRST-YEAR TAX CREDITS

1(1)  A company may claim a first-year tax credit for a chargeable period in which it has a surrenderable loss, unless it is an excluded company in relation to that chargeable period.

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