Section 187 | “Non-UK tax”

(1)In this Part “non-UK tax” means a tax chargeable under the law of a territory outside the United Kingdom which—

(a)is charged on income and corresponds to United Kingdom income tax, or

(b)is charged on income or chargeable gains or both and corresponds to United Kingdom corporation tax.

(2)A tax is not outside the scope of subsection (1) by reason only that it—

(a)is chargeable under the law of a province, state or other part of a country, or

(b)is levied by or on behalf of a municipality or other local body.