[176C Value of non-marketable transferable tax credits: purchaser]
Finance (No 2) Act 2023 (2023 c 30) | Legislation

[176C  Value of non-marketable transferable tax credits: purchaser]

[(1)     The covered tax balance of a member of a multinational group that holds a non-marketable transferable tax credit as purchaser is to be adjusted to secure that the value the credit is reflected as follows.

(2)     On using an amount of the credit, the amount given by subsection (3) is to be reflected as a credit in the covered tax balance for the accounting period in which

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