67 Restriction of relief if underlying tax at rate higher than rate of corporation tax
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

Tax underlying dividends: restriction of relief, and particular cases

67  Restriction of relief if underlying tax at rate higher than rate of corporation tax

(1)     Subsection (6) applies if—

(a)     conditions A and B are met, and

(b)     one of conditions C and D is met.

(2)     Condition A is that a company (“the claimant company”) makes a claim for an allowance by way of credit in accordance with this Part.

(3)     Condition B is that the claim relates to underlying tax on a dividend paid to the claimant company by

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