Part 14Income tax liability: miscellaneous rules
Chapter 1Limits on liability to income tax of non-UK residents
Limit for non-UK resident companies
815Limit on liability to income tax of non-UK resident companies
1
This section applies to income tax to which a non-UK resident company is liable, otherwise than as a trustee.
2
The non-UK resident company's liability to income tax for a tax year is limited to the sum of amounts A and B.
3
Amount A is the sum of—
a
any amounts representing income tax deducted from the non-UK resident company's disregarded company income for the tax year,
b
any amounts representing income tax that are treated as deducted from or paid in respect of that income, and
c
any tax credits in respect of that income.
4
Amount B is the amount that, apart from this section, would be the non-UK resident company's liability to income tax for the tax year if the non-UK resident company's disregarded company income for the tax year were left out of account.