Income and Corporation Taxes Act 1988 (c. 1)

SCHEDULES

SCHEDULE 24 U.K. M1 ASSUMPTIONS FOR CALCULATING CHARGEABLE PROFITS, CREDITABLE TAX AND CORRESPONDING UNITED KINGDOM TAX OF FOREIGN COMPANIES

Marginal Citations

M1 Source-1984 Sch. 16, 1985 Sch. 14 16

Valid from 01/05/1995

[F1 Exchange gains and losses U.K.

Textual Amendments

F1 Sch. 24 paras. 13-19 and cross-heading inserted (1.5.1995) by Finance Act 1995 (c. 4), Sch. 25 para. 6(5)

17 Where by virtue of section 747A the company’s chargeable profits for an accounting period are to be computed and expressed in a particular currency, the references in section 148(9) of the M2 Finance Act 1993 to sterling shall be assumed to be references to that particular currency.]

Marginal Citations

M2 1993 c. 34.