Taxation (International and Other Provisions) Act 2010 section 67

Restriction of relief if underlying tax at rate higher than rate of corporation tax

Section 67 restricts double taxation credit relief where an avoidance scheme has been used to inflate the amount of underlying tax that qualifies for relief, by capping the creditable tax at the UK corporation tax rate.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.