218 Effect of rate changes to deferred tax expense
Finance (No 2) Act 2023 (2023 c 30) | Legislation

218  Effect of rate changes to deferred tax expense

(1)     Where—

(a)     the rate of tax for a member of a multinational group changes in an accounting period,

(b)     the change in rate is to some extent relevant, and

(c)     the effect of the rate change would reduce the member's covered tax balance in a previous accounting period if the deferred tax expense in that period were recalculated to take account of the change in the

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