[809VM Cases involving tax deposits]

[809VM  Cases involving tax deposits]

[(1)     This section applies in cases where—

(a)     section 809VG(2) did not apply because the appropriate mitigation steps were taken within the grace period allowed for each step,

(b)     the amount required to be taken offshore or re-invested in order to satisfy section 809VI(1) or (2)(b) had been reduced under section 809VK, and

(c)     but for that reduction, the amount that was actually taken offshore or re-invested would not have been enough to satisfy section 809VI(1) or (2)(b).

(2)     The tax deposit that gave rise to the reduction is referred to in this section as “the tax deposit”.

(3)     Use of the tax deposit

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