924Power to reduce section 923 liabilityU.K.
This section has no associated Explanatory Notes
(1)The Treasury may by regulations provide for a reduction in the amount of tax to be accounted for and paid as a result of section 923.
(2)The reduction must be a reduction, to such extent and for such purposes as may be determined under the regulations, by reference to amounts of overseas tax charged on, or in respect of—
(a)the making of the manufactured overseas dividend, or
(b)the overseas dividend of which the manufactured overseas dividend is representative.