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Legislation
Corporation Tax Act 2010

Crossheading Reduction of adjusted ring fence profits

  • Section 356D Reduction of adjusted ring fence profits
  • Section 356DA Carrying forward of activated allowance
  • Section 356DB Companies with both field allowances and onshore allowance
  1. Reduction of adjusted ring fence profits
  2. Carrying forward of activated allowance

Section 356DA | Carrying forward of activated allowance

From legislation.gov.uk

(1)This section applies where, in the case of a company and an accounting period—

(a)the cumulative total amount of activated allowance (see section 356D(2)), is greater than

(b)the adjusted ring fence profits.

(2)The difference is carried forward to the next accounting period.

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