Taxes Consolidation Act 1997 section 111U

Adjusted covered taxes

Section 111U sets out how the adjusted covered taxes of a constituent entity are calculated for a fiscal year, by modifying the current tax expense reported in the entity's financial accounts to reflect additions, reductions, and deferred tax adjustments.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.