176 Amounts to be reflected in covered tax balance
Finance (No 2) Act 2023 (2023 c 30) | Legislation

176  Amounts to be reflected in covered tax balance

(1)     The amounts referred to in subsection (2) are to be reflected in a member of a multinational group's qualifying current tax expense (to the extent they were not already reflected).

(2)     Those amounts are as follows—

(a)     any amount of covered taxes reflected in the member's underlying profits but which (ignoring this paragraph) is not reflected in the qualifying current tax expense;

(b)     the total deferred tax adjustment amount (see section 182);

(c)     any amount

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