# Taxation (International and Other Provisions) Act 2010, Section 371SC: What are “the corporation tax assumptions”?


(1) In this Part “the corporation tax assumptions” means the assumptions set out in sections 371SD to 371SR.
(2) The corporation tax assumptions are to be applied in determining the following for an accounting period (“the relevant accounting period”) of a CFC—
(a) the CFC's assumed taxable total profits in accordance with section 371SB(1),
(b) the corresponding UK tax in accordance with section 371NE, and
(c) the CFC's creditable tax in accordance with Chapter 16.

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Source: https://www.legislation.gov.uk/ukpga/2010/8/section/371SC (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-371SC
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.