174 Amount of covered tax balance
Finance (No 2) Act 2023 (2023 c 30) | Legislation

174  Amount of covered tax balance

(1)     To determine the covered tax balance of a member of a multinational group for an accounting period—

Step 1
Determine the amount of the qualifying current tax expense accrued by the member for that period.

Step 2
Determine whether any amounts need to be excluded from that expense under section 175 (and

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