[F11217CISurrendering of loss and amount of video game tax creditU.K.
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(1)The company may surrender the whole or part of its surrenderable loss in an accounting period.
(2)If the company surrenders the whole or part of that loss, the amount of the video game tax credit to which it is entitled for the accounting period is 25% of the amount of the loss surrendered.
(3)The company's available loss for the accounting period is reduced by the amount surrendered.]
Textual Amendments
F1Pt. 15B inserted (17.7.2013 for specified purposes and 1.4.2014 in so far as not already in force) by Finance Act 2013 (c. 29), Sch. 17 paras. 1, 2; S.I. 2014/1962, art. 2(1)(2)