202 Covered taxes balance less than nil when members in a territory have a profit
Finance (No 2) Act 2023 (2023 c 30) | Legislation

Chapter 8
Further Adjustments

Covered taxes less than nil

202  Covered taxes balance less than nil when members in a territory have a profit

(1)     This section applies to the standard members of a multinational group in a territory (“the relevant territory”) in an accounting period (“the current period”) if—

(a)     those members do not have a collective loss for the current

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