Part of Finance Bill – in a Public Bill Committee am 10:45 am ar 4 Mehefin 2013.
Amount A is the amount equal to the corporation tax that would be chargeable on the set-off amount if—
(a) it did not include any amount treated as an amount of R&D expenditure credit for the accounting period by virtue of step 3 in subsection (2), and
(b) it was an amount of profits (or in the case of a ring fence trade, ring fence profits) of the company for the accounting period and corporation tax on such profits was chargeable at the main rate.