191 Reduction of recapture amount
Finance (No 2) Act 2023 (2023 c 30) | Legislation

191  Reduction of recapture amount

(1)     Where standard members of a multinational group in a territory have a recapture amount in an accounting period (“the relevant period”) in respect of a previous accounting period that amount is to be reduced in accordance with subsections (3) to (5).

(2)     If those members have more than one recapture amount in the relevant period, those reductions are to be applied first to the recapture amount in respect of the earliest accounting period, then the next earliest and so on.

(3)     First, if any of the members have accrued

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