Related Commentary  

1168(1)  This section applies if a company claims a BLAGAB tax credit to which it is entitled for an accounting period.

1168(2)  For the purposes of section 73 of FA 2012 the amount which may be–

(a)carried forward from the accounting period under that section as excess BLAGAB expenses, and

(b)brought into account in accordance with step 5 in section 76 of FA 2012,

is treated as reduced by the amount of the surrendered loss for the period.

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