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Legislation
Corporation Tax Act 2009

Crossheading Treatment of credit: main provisions

  • Section 1042H Expenditure credit to count as taxable receipt
  • Section 1042I Redemption of value of expenditure credit
  • Section 1042J Treatment of deduction to comply with PAYE and NIC limit
  1. Treatment of credit: main provisions
  2. Treatment of deduction to comply with PAYE and NIC limit

Section 1042J | Treatment of deduction to comply with PAYE and NIC limit

From legislation.gov.uk

(1)This section applies if an amount is deducted under step 3 in section 1042I.

(2)The amount is to be added to the amount of R&D expenditure credit to which the company is entitled for its next accounting period (including where that amount would otherwise be nil).

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