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DTR relief calculations |
See Also
Adjustment of profit | DTR Calculations | Foreign dividends | Foreign income | Foreign income loan relationships | Foreign income taxed as trading income | Multiple foreign income | Navigation | Overseas branch
Select from the following headings:
Background | Developing the schedule | Completing the Schedule | Standard Sub-Schedules | Carry Forward | Related Errors
The software manages double tax relief through a variety of schedules, each dealing with a different source of foreign income. These feed data into DTR Calculations, a working paper which calculates appropriate double tax relief.
DTR relief calculations is available for computations ending on or after 1 April 2000 should the user wish to present an analysis of all foreign taxed income in a single computation schedule. It benefits the user by showing total foreign tax paid and double tax relief recieved in a single analysis. It takes data from DTR Calculations and shows foreign income in a columnar format suitable to support the return.
The schedule is generated from the Reliefs menu option on the Develop menu from within the A schedule. It is categorised as an 'A' schedule, but is held within the Tax workings schedules in the Navigator part of the screen.
The schedule picks up data from the Foreign income, Multiple foreign income, Overseas branch double tax relief, Multiple Foreign dividends, Foreign income loan relationships, and Foreign income taxed as DI schedules. It is not necessary for the user to enter data directly into the schedule.
The schedule will track any excess foreign tax brought and carried forward under the provisions of Finance Act 2000.
The schedule has no supporting schedules.
This schedule does not carry forward.
© 2009 Thomson Reuters.