This section has no associated Explanatory Notes
16U.K.In section 32 (unrelieved surplus advance corporation tax) for subsection (5) substitute—
“(5)The provision which may be made by regulations under this section includes provision for or in connection with enabling unrelieved surplus advance corporation tax to be set against liability to a sum charged at step 5 in section 371BC(1) of the Taxation (International and Other Provisions) Act 2010 (controlled foreign companies) as if it were an amount of corporation tax for an accounting period.”