304References to tax of a territory
This section has no associated Explanatory Notes
(1)References in this Chapter to a tax of the United Kingdom are to income tax or corporation tax.
(2)References in this Chapter to a tax of a territory outside the United Kingdom are to a tax chargeable under the law of that territory that—
(a)is charged on income and corresponds to income tax, or
(b)is charged on income or chargeable gains or both and corresponds to corporation tax.
(3)For the purposes of this section, a tax chargeable under the law of a territory outside the United Kingdom does not fail to correspond to income tax or corporation tax just because—
(a)it is chargeable under the law of a province, state or other part of a country, or
(b)it is levied by or on behalf of a municipality or other local body.