Taxation (International and Other Provisions) Act 2010(c. 8) - Explanatory Notes

Explanatory Notes

Taxation (International and Other Provisions) Act 2010

2010 CHAPTER 8

18 March 2010

Commentary on Sections

Part 7: Tax treatment of financing costs and income

Chapter 2: Application of Part

Section 271: UK trading income of the worldwide group

549. This section explains how UK trading income of the worldwide group is calculated for the purposes of section 266. It is based on paragraph 12 of Schedule 15 to FA 2009.