Finance Act 2010 (c. 13)

SCHEDULES

SCHEDULE 11 U.K. Reliefs and reductions for foreign tax

Effect of foreign tax becoming payable U.K.

1 (1) Paragraph 3 of Schedule 28AB to ICTA (schemes about effect of paying foreign tax) is amended as follows. U.K.

(2) In sub-paragraph (2)—

(a) in paragraph (a), after “paid” insert “ or payable ”, and

(b) in paragraph (b), for “of the payment of that amount of foreign tax on the foreign tax total” substitute “ on the foreign tax total of that amount being so paid or payable ”.

(3) In sub-paragraph (3)(b), for “the payment by the claimant of that amount of foreign tax” substitute “ that amount of foreign tax being paid or payable by the claimant ”.