{
  "url": "https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-200",
  "json_url": "https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-200.json",
  "legislation": "ukpga/2010/8",
  "legislation_title": "Taxation (International and Other Provisions) Act 2010",
  "legislation_url": "https://openlegislation.uk/taxation-international-and-other-provisions-act-2010",
  "path": "section/200",
  "kind": "section",
  "number": "200",
  "heading": "Election to pay tax rather than make balancing payments",
  "text": "(1) If each of the pre-conditions (see section 199) is met, the disadvantaged person may make an election—\n(a) to make no balancing payment within section 196 to the advantaged person in connection with section 147(3) or (5) applying because of section 153A in relation to the relevant borrowing in a chargeable period, but\n(b) instead, to undertake sole responsibility for discharging the advantaged person's liability to tax for that period so far as resulting from section 147(3) or (5) applying because of section 153A in relation to the relevant borrowing.\n(2) Section 203 contains provision about the making and effect of elections under this section.\n(3) In this section, the following expressions have the meaning given by section 199—\n“the advantaged person”,\n“the disadvantaged person”, and\n“the relevant borrowing”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 200(1) substituted (with effect in accordance with Sch. 6 para. 12 of the amending Act) by Finance Act 2026 (c. 11), Sch. 6 paras. 11(6)(a)(i), 12"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Word in s. 200(1) substituted (with effect in accordance with Sch. 6 para. 12 of the amending Act) by Finance Act 2026 (c. 11), Sch. 6 paras. 11(6)(a)(ii), 12"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Word in s. 200(3) substituted (with effect in accordance with Sch. 6 para. 12 of the amending Act) by Finance Act 2026 (c. 11), Sch. 6 paras. 11(6)(b), 12"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/8/section/200",
    "retrieved_at": "2026-10-29T09:10:17.008829+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}