[1042N Amounts surrendered to other group companies]
Corporation Tax Act 2009 (2009 c 4) | Legislation

[Intra-group surrenders]

[1042N  Amounts surrendered to other group companies]

[(1)     Subsection (3) applies if an amount of expenditure credit is surrendered by the qualifying company to another member of its group under step 5 in section 1042I or under section 1042L(2).

(2)     For the purposes of that subsection—

(a)     the accounting period in respect of which the surrender is made is “the surrender AP”;

(b)     an accounting period of the other group member

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