Income and Corporation Taxes Act 1988 (c. 1)

SCHEDULES

Valid from 19/07/2006

SCHEDULE 19C U.K. Petroleum extraction activities: ring fence expenditure supplement

Part 2 U.K. Application and interpretation

Taxable ring fence profits of an accounting period U.K.

8 For the purposes of this Schedule, a company has taxable ring fence profits for an accounting period if it has an amount of ring fence profits which is chargeable to corporation tax for that accounting period after any group relief claimed under Chapter 4 of Part 10.