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Finance Act 2007 · s 50
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Finance Act 2007 · s 50
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
Notwithstanding that a company has a 108 balance or revised 108 balance at any time during the period from 1 January 2008
to 31 December 2013, the company may in that period exercise an irrevocable option in the prescribed form not to deduct tax under section 40 and where such option is made, the company shall not be entitled to deduct tax under that section upon the exercise of the option.