BKM403100 - Banking surcharge: calculation of surcharge profits: CT surcharge
CTA10/S269DA
The surcharge profits of a company which is a banking company in relation to an accounting period are computed as follows:
- Compute taxable total profits under the normal rules at S4(2)
Add any of the following which have been given in determining those taxable profits:
- non-banking group relief
- non-banking or pre-2016 loss relief
- relevant transferred out gains
Deduct
- non-banking transferred-in gains
- research and development expenditure credits