SCHEDULES

C1SCHEDULE 24M1ASSUMPTIONS FOR CALCULATING CHARGEABLE PROFITS, CREDITABLE TAX AND CORRESPONDING UNITED KINGDOM TAX OF FOREIGN COMPANIES

Annotations:
Modifications etc. (not altering text)
Marginal Citations
M1

Source-1984 Sch. 16, 1985 Sch. 14 16

Unremittable overseas income

12

For the purposes of the application of F1Part 18 of CTA 2009 to the company’s income it shall be assumed—

a

that any reference in F2section 1274(3) or (4) of that Act to the United Kingdom is a reference to both the United Kingdom and the territory in which the company is in fact resident; and

b

that F3a claim under section 1275 of that Act (claim for relief for unremittable income) may be made on behalf of the company by the United Kingdom resident company or companies referred to in paragraph 4(2) above.