DT6890 - DT: Falkland Islands: Underlying Tax

(1) DOCUMENTS NEEDED TO SUPPORT THE UNDERLYING TAX CLAIM

The accounts showing the profits used to pay the dividend and the notice of assessment taxing the profits used.

(2) SPARED TAX

Credit for spared tax is available in accordance with Article 24 (4) of the UK/Falkland Islands Double Taxation Convention (SI 1984 No 363) - see DT6922. The calculation of tax spared prepared by the Falkland Islands company's accountants should be provided together with the certificate granting tax sparing status.