Paragraph 34 Limits on credit for foreign tax: corporation tax
(1)
Section 797f1 is amended as follows.
(2)
In subsection (3) (power of company to allocate deductions against such of its profits as it thinks fit after “expenses of management” insert “expenses payable (within the meaning of section 76(1))”.
Annotations
Footnotes
- f1
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There are amendments which are not relevant for present purposes.