Paragraph 35
United Kingdom
(1)
Relevant tax liabilities are excluded.
(2)
F1...“ relevant tax liabilities ” means liabilities representing—
(a)
current tax or deferred tax liabilities within the meaning, for the time being, of International Accounting Standard 12, or
(b)
an amount of the bank levy.
F2(3)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Annotations
Textual amendments
- F1
Words in Sch. 19 para. 35(2) omitted (with effect in accordance with Sch. 9 para. 35 of the amending Act) by virtue of Finance Act 2018 (c. 3), Sch. 9 para. 27(a)
- F2
Sch. 19 para. 35(3) omitted (with effect in accordance with Sch. 9 para. 35 of the amending Act) by virtue of Finance Act 2018 (c. 3), Sch. 9 para. 27(b)