85 Section 80 or 81: calculation of profits by reference to the relevant alternative provision
Finance Act 2015 (2015 c 11) | Legislation

85  Section 80 or 81: calculation of profits by reference to the relevant alternative provision

(1)     This section applies where—

(a)     section 80 or 81 applies in relation to a company (“the relevant company”) for an accounting period, and

(b)     the actual provision condition is not met.

(2)     The taxable diverted profits that arise to the relevant company in the accounting period in relation to the material provision in question are determined in accordance with subsections (3) to (5).

(3)     Subsection (4) applies if the actual provision condition would have been met but for the fact that the relevant alternative provision would have resulted in relevant taxable income

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