FA00/SCH22/PARA57

(1) Any relief or set-off against a company's tax liability for an accounting period does not apply in relation to-

(a)so much of that tax liability as is attributable to the company's tonnage tax profits, or

(b)so much of that tax liability as is attributable to tonnage profits of a CFC apportioned to the company at step 3 in section 371BC(1) of the Taxation (International and Other Provisions) Act 2010

(2) Relief to which this paragraph applies includes, but is not limited to, any relief or set-off under-

(a)sections 2 and 6 of the Taxation (International and Other Provisions) Act 2010 (double taxation relief by agreement with territories outside the United Kingdom),

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