815Limit on liability to income tax of non-UK resident companiesU.K.
(1)This section applies to income tax to which a non-UK resident company is liable, otherwise than as a trustee.
(2)The non-UK resident company's liability to income tax for a tax year is limited to the sum of amounts A and B.
(3)Amount A is the sum of—
(a)any amounts representing income tax deducted from the non-UK resident company's disregarded company income for the tax year, [F1and]
(b)any amounts representing income tax that are treated as deducted from or paid in respect of that income, F2...
F2(c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)Amount B is the amount that, apart from this section, would be the non-UK resident company's liability to income tax for the tax year if the non-UK resident company's disregarded company income for the tax year were left out of account.
Textual Amendments
F1Word in s. 815(3) inserted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by Finance Act 2016 (c. 24), Sch. 1 para. 63(15)(a)
F2S. 815(3)(c) and word omitted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by virtue of Finance Act 2016 (c. 24), Sch. 1 para. 63(15)(b)