Introduction Overview Chapter 5: Set off of income tax deductions against corporation tax Section 968: Deductions from payments received by non-UK resident companies
2885.This section explains how income tax deducted from payments received by non-UK resident companies is set off against corporation tax. It is based on section 11(3) of ICTA.
2886.As is the case for section 7(3) of ICTA, the exception for relevant loan interest in section 11(4) is rewritten by consequential amendment to section 369(6) of ICTA.