Corporation Tax Act 2010 Explanatory Notes

Section 319: The reference amount for a pre-commencement period

1057.This section defines the “reference amount” for the purposes of section 315. It is based on paragraph 13 of Schedule 19C to ICTA.

1058.The reference amount is the amount on which supplement can be claimed, that is the eligible expenditure reduced under either or both of sections 317 and 318 as appropriate.

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