Corporation Tax Act 2009 Explanatory Notes

Section 1230: Meaning of “reversal amount”

3116.This section calculates the reversal amount. It is based on section 75B of ICTA.

3117.The calculation is set out in a method statement that excludes from the credit in the accounts:

  • anything that does not relate to management expenses previously allowed; and

  • anything that has already been taxed.

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