Paragraph 5
United Kingdom
Where under paragraph 2 or 4 above franked investment income received by a company falls to be taken into account in determining—
whether advance corporation tax is payable or repayable; or
the amount of such tax which is payable or repayable,
the inclusion of that franked investment income in the appropriate return shall be treated as a claim by the company to have it so taken into account, and any such claim shall be supported by such evidence as F1an officer of the Board may reasonably require.
Annotations
Textual amendments
- F1
Words in Sch. 13 para. 5 substituted (with effect in accordance with s. 137(2)(3) of the amending Act) by Finance Act 1996 (c. 8), Sch. 23 para. 5
Notes on Schedule 13
Textual amendments
- F1
Sch. 13 repealed (with effect in accordance with Sch. 3 para. 41(2) of the repealing Act) by Finance Act 1998 (c. 36), Sch. 3 para. 41(1), Sch. 27 Pt. 3(2), Note