The Corporation Tax (Variation of the Relevant Percentage) Order 2011
This Order exercises a power conferred by the Corporation Tax Act 2010 (c. 4) to vary the relevant percentage in section 310(1) of that Act for the purposes of computing the amount of ring fence expenditure supplement which may be claimed in accordance with Chapter 5 of Part 8 of the Act. Chapter 5 provides that a company carrying on a ring fence trade may claim a supplement in respect of expenditure and losses incurred in specified circumstances.