190 Deemed distribution tax amount
Finance (No 2) Act 2023 (2023 c 30) | Legislation

190  Deemed distribution tax amount

(1)     Where this section applies to the standard members of a multinational group in a territory for an accounting period, those members have a deemed distribution tax amount for that period.

(2)     The deemed distribution tax amount is the lesser of—

(a)     the amount that, when added to the result of Step 4 in section 132(1), would result in the effective tax rate of those members for that period

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