Related Commentary  Related HMRC Manuals

371UD  [Omitted by F(No. 2)A 2015, s. 36(1).]


S. 371UD omitted by F(No. 2)A 2015, s. 36(1), with effect in relation to accounting periods of CFCs beginning on or after 8 July 2015, subject to the transitional provisions in F(No. 2)A 2015, s. 36(4)–(6). Former s. 371UD read as follows:

“Relief against sum charged

371UD(1)  Subsection (2) applies if (apart from subsection (2)) a chargeable company in relation to a CFC's accounting period is entitled, or on the making of a claim would be entitled, to a deduction in respect of a relevant allowance for the relevant corporation tax accounting period.

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