INTM256180 - Reliefs against Controlled Foreign Companies' tax: 바카라 사이트˜Relevant amount바카라 사이트™
Where an apportionment is made on a United Kingdom company which, for the year for which the company is assessed in respect of those profits, has an amount of surplus shadow ACT available for set-off against its corporation tax liability (this includes Chapter IV tax), it must set that amount against its Chapter IV liability to the extent that it does not exceed the relevant maximum.
The amount of unrelieved surplus ACT that can be set-off against the Chapter IV liability is limited to the difference - referred to in regulation 20 as 바카라 사이트˜the relevant amount바카라 사이트™ - between the 바카라 사이트˜relevant maximum바카라 사이트™ and the surplus shadow ACT set against the Chapter IV liability.