Part 3Multinational top-up tax
Chapter 5Covered tax balance
Dealing with deferred tax assets etc
188Further provision about elections under section 187
1
Paragraph 1 of Schedule 15 (long term elections) applies to an election under section 187.
2
But that paragraph has effect for the purposes of such an election as if—
a
sub-paragraph (4) were omitted (so that there is no restriction on revoking the election), and
b
sub-paragraph (5) were omitted (as an election under this section cannot be made again once revoked).