Paragraph 8

United Kingdom

(1)

For the purposes of paragraph 5, an amount has not been given qualifying relief under the law of any territory outside the United Kingdom (other than the EEA territory concerned) if conditions A and B are met.

(2)

Condition A is that, for the purposes of any tax under any territory outside the United Kingdom (other than the EEA territory concerned), the amount has not been taken into account in calculating any profits, income or gains which—

(a)

have arisen to the company or any other person in any period, and

(b)

were chargeable to that tax for the period (or, but for so taking the amount into account, would have been so chargeable).

(3)

Condition B is that, for the purposes of any tax under any territory outside the United Kingdom (other than the EEA territory concerned), the amount has not been relieved in any period—

(a)

by the payment of a credit,

(b)

by the elimination or reduction of a tax liability, or

(c)

by any other means of any kind.

Notes on Schedule 18A

Textual amendments

F1: Sch. 18A repealed (1.4.2010 with effect in accordance with s. 1184(1) of the repealing Act) by Corporation Tax Act 2010 (c. 4), Sch. 1 para. 141, Sch. 3 Pt. 1 (with Sch. 2)
F2: Sch. 18A inserted (with effect in accordance with Sch. 1 para. 9 of the amending Act) by Finance Act 2006 (c. 25), Sch. 1 para. 7