Section 67: Restriction of relief if underlying tax at rate higher than rate of corporation tax
175.This section combats schemes designed to inflate relievable underlying tax. It is based on section 801A(1) to (5) of ICTA.
175.This section combats schemes designed to inflate relievable underlying tax. It is based on section 801A(1) to (5) of ICTA.
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include: