Commentary

D4.810 Interaction with advance corporation tax

Corporate tax
Corporate tax | Commentary

D4.810 Interaction with advance corporation tax

Corporate tax | Commentary

D4.810 Interaction with advance corporation tax

The provisions in this article apply only to companies where an election has not been made for exemption for the profits of a foreign permanent establishment (D4.801). For details of the double tax relief provisions that generally apply equally to companies and individuals see Division E6.4.

Although advance corporation tax (ACT) has been abolished for accounting periods ending after 5 April 1999, companies which have surplus ACT carried forward after this date will need to consider the shadow ACT regulations1 to establish the amount of surplus ACT carried forward that can be offset in subsequent

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