Valid from 19/07/2006
17(1)This paragraph applies for the purposes of this Schedule.
(2)Any reference to a tax under a territory outside the United Kingdom is a reference to a tax chargeable under the law of that territory which—
(a)is charged on income and corresponds to United Kingdom income tax, or
(b)is charged on income or chargeable gains or both and corresponds to United Kingdom corporation tax.
(3)A tax chargeable under the law of a territory outside the United Kingdom is not to be regarded as failing to correspond to income or corporation tax just because—
(a)it is chargeable under the law of a province, state or other part of a country, or
(b)it is levied by or on behalf of a municipality or other local body.