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Covered taxes less than nil Covered taxes less than nil

United Kingdom

  1. 202Covered taxes balance less than nil when members in a territory have a profit
  2. 203Additional top-up amounts where covered taxes less than expected
  3. 204Allocation of collective additional amount under section 203 to members
  4. 205Election to carry forward and reduce collective additional amount

Notes on Part 3

Modifications

C1

Pt. 3 modified (2.12.2025) by Finance Act 2026 (c. 11), Sch. 8 paras. 32, 53(3)