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Amendment of Schedule 24 (relief from income tax and corporation tax by means of credit in respect of foreign tax) to Principal Act.
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81.—Schedule 24 to the Principal Act is hereby amended—
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(a) in paragraph 4(4)(c) by the substitution for “10 per cent” of “20 per cent”,
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(b) in paragraph 9A—
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(i) in subparagraph (2) by the insertion after “shall be construed as” of “including”, and
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(ii) in subparagraph (5) in clause (a) by the insertion after “government of the territory” of “except, in respect of taxes covered by those arrangements, to the extent that credit may not be given for that tax under those arrangements”,
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and
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(c) in subclauses (i) and (iii) of paragraph 9B(5) (b)—
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(i) by the substitution of “controls” for “owns” in each place where it occurs, and
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(ii) by the substitution of “voting power” for “ordinary share capital” in each place where it occurs.
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