Where under the Corporation Tax Acts a company obtains payment of a tax credit in respect of a distribution received by it and that tax credit or any part of that tax credit is subsequently recovered from the company by an assessment on it to income tax under Case IV of Schedule D, the amount of the tax credit so recovered shall be treated for the purposes of section 162 as if it were a tax credit in respect of a distribution received by the company in the accounting period in which the amount is so recovered.
Version status: Deleted | Document consolidation status: Updated to reflect all known changes
Version date: 6 February 2003 - onwards
163. Tax credit recovered from company.
Deleted from 6 February 2003