The following Corporation Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
Foreign source trading income of a UK company earned directly (where trading with a country) is taxed in the UK as trading income of the company, after deduction of allowable expenses in the usual way (see the Trading income ― general principles guidance note). Where the income has been subject to tax in the jurisdiction in which it is earned, relief will be available against UK tax by way of double tax relief in the form of any of the following:
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